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    Chinese language billionaire’s $1B fraud expenses, Kwon’s $11M wager, Zhu Su and Islam: Asia Specific

    Latest News

    Our weekly roundup of reports from East Asia curates the industrys most necessary developments.

    In accordance with an announcement printed by the U.S. Division of Justice (DOJ) on Mar. 15, Chinese language billonaire Ho Wan Kwok (aka Miles Guo and extra generally as Guo Wengui), has been arrested on a complete of twelve expenses, together with wire fraud, securities fraud, financial institution fraud, and cash laundering. Amongst many objects, the DOJ alleges that Kwok/Guo “fraudulently obtained” greater than $262 million from victims by means of cryptocurrency platform Himalayan Change.

    Ho Wan Kwok/Guo Wengui selling the purported advantages of the Himalaya Coin in 2021 (Youtube)
    Guo explaining to followers, shortly earlier than his arrest, how the NFSC would be the final winner in a worldwide battle between the U.S. and CCP for blockchain supremacy. (Youtube)
    Do Kwon listening intensely in a Twitch stream post-Terra collapse as convicted felon Martin Shkreli explains why “jail’s not that unhealthy.” (UpOnly)

    Proceed Studying on Coin Telegraph

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