Woofun AI reports that a U.S. judge sentenced MILES GUO to 30 years in prison for his role in a $1 billion fraud scheme involving the Himalaya Coin cryptocurrency project. The court ordered the forfeiture of nearly $900 million in illegal proceeds, along with a New Jersey mansion and multiple luxury vehicles including Rolls-Royces and Bugattis.

In 2024, a jury convicted GUO of extortion, fraud, and money laundering related to a five-year operation that began with the 2021 launch of H-Coin. The scheme illegally raised approximately $500 million by falsely claiming the token was backed by 20% gold and promising full compensation for investor losses.