MASHABLE - Guo Wengui, a Chinese fugitive living in the U.S., was arrested and hit with a series of wire fraud, securities fraud, bank fraud, and money laundering charges. The billionaire fled China in 2014 and has been living in New York. He has been sought by China's government. ~$630M has been seized by the U.S., including GETTR funds. A major part of Guo's alleged fraud was his Himalayan Exchange, a cryptocurrency "ecosystem," that included a stablecoin dubbed the Himalaya Dollar and a crypto token called Himalaya Coin.
by Matt Binder
See full article at Mashable
See the top news on Gettr
