Developer of Himalaya fake crypto exchange under arrest
Ho Wan Kwok (A/K/A “Miles Guo” or “Guo Wengui”) has been arrested in the United States for large-scale fraud. Wan Kwok orchestrated an entire ecosystem of crypto exchanges, the Himalaya Dollar stablecoin, and the Himalaya Coin utility token.
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The fraudster, along with his accomplice Kin Ming Je, swindled about a billion dollars from gullible crypto enthusiasts. Law enforcement officers have already arrested pseudo-exchange's bank accounts and confiscated about $634 million from those.
Kin Ming Je is still on the wanted list.
Prosecutors claim that Kwok managed to buy a 50,000-square-metre mansion, a $37 million yacht, a $3.5 million Ferrari, and even two $36,000 mattresses for himself and his relatives.
“Such an amateur!” Curly Sam reckons.
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