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Blockchain The Defiant

Chinese Exile Miles Guo Sentenced to 30 Years for $1B Crypto Fraud Scheme

Miles Guo, the exiled Chinese businessman who built a following as a critic of Beijing, was sentenced to 30 years in prison for a fraud scheme that raised more than $1 billion from investors. Part of that scheme ran thro...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Chinese Exile Miles Guo Sentenced to 30 Years for $1B Crypto Fraud Scheme
Miles Guo, the exiled Chinese businessman who built a following as a critic of Beijing, was sentenced to 30 years in prison for a fraud scheme that raised more than $1 billion from investors. Part of that scheme ran through a fake cryptocurrency called Himalaya Coin. US District Judge Analisa... Read the full story at The Defiant

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This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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