🇺🇸 **Legal Finality: Guo Wengui Sentenced to 30 Years for a $1 Billion Cryptocurrency Scam**
The U.S. Department of Justice has officially issued the ruling—Chinese businessman Guo Wengui (Miles Guo), who led a complex fraud scheme lasting five years and involving more than $1 billion, was sentenced to 30 years in federal prison.
Among crypto circles, the one that should draw the most attention is the **Himalaya Coin (H-Coin) scam**, launched in 2021. The project misled investors by claiming it had 20% gold assets as reserves to support the scheme, and promised full principal protection. In the end, it illegally raised roughly $500 million.
🧾 Key points of the ruling (at a glance):
• 🔒 30-year imprisonment
• 💰 Forfeiture of nearly $900 million in illegal proceeds
• 🏠 A mansion in New Jersey
• 🚗 Multiple luxury cars, including Rolls-Royce, Bugatti, and more, confiscated as well
In 2024, the jury found him guilty on multiple counts, including extortion, fraud, money laundering, and others.
This case sends a clear signal to the crypto world: no matter how dazzling the scam package looks as a blockchain project, the law will eventually catch up.
For ordinary investors, an old saying still applies—**projects that promise above-market, guaranteed returns are very likely targeting your principal.**
#加密警示 #law
The U.S. Department of Justice has officially issued the ruling—Chinese businessman Guo Wengui (Miles Guo), who led a complex fraud scheme lasting five years and involving more than $1 billion, was sentenced to 30 years in federal prison.
Among crypto circles, the one that should draw the most attention is the **Himalaya Coin (H-Coin) scam**, launched in 2021. The project misled investors by claiming it had 20% gold assets as reserves to support the scheme, and promised full principal protection. In the end, it illegally raised roughly $500 million.
🧾 Key points of the ruling (at a glance):
• 🔒 30-year imprisonment
• 💰 Forfeiture of nearly $900 million in illegal proceeds
• 🏠 A mansion in New Jersey
• 🚗 Multiple luxury cars, including Rolls-Royce, Bugatti, and more, confiscated as well
In 2024, the jury found him guilty on multiple counts, including extortion, fraud, money laundering, and others.
This case sends a clear signal to the crypto world: no matter how dazzling the scam package looks as a blockchain project, the law will eventually catch up.
For ordinary investors, an old saying still applies—**projects that promise above-market, guaranteed returns are very likely targeting your principal.**
#加密警示 #law