[Data: Huiwang Guarantee-related wallets have received over $24 billion in total] According to Caixin reports, the Chinese government’s crackdown on the Chen Zhi criminal group is progressing deeply, with core member Li Xiong having been extradited back to China. Li Xiong, who previously served as the chairman of Huiwang Group under the Taizi Group, is suspected of multiple criminal activities and is currently under compulsory legal measures as the case remains under investigation. According to Elliptic statistics, since 2021, cryptocurrency wallets used by Huiwang Guarantee and its merchants have received over $24 billion in total, making it one of the largest online illegal marketplaces in terms of operational scale.