Edit: Himalaya Exchange (Guo Wengui fraud)

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> **Note:** Guo Wengui was convicted in July 2024 but, as of this writing, sentencing has been repeatedly adjourned; figures are those alleged/proven by the DOJ.

## Summary

The Himalaya Exchange (and its "Himalaya Coin"/"Himalaya Dollar" tokens) was one component of a sprawling fraud orchestrated by Ho Wan Kwok — known as Guo Wengui or "Miles Guo" — alongside financier Kin Ming Je. The U.S. DOJ said Guo solicited more than $1 billion from his online followers across entities including GTV Media, the Himalaya Farm Alliance, G|CLUBS, and the Himalaya Exchange. [1][2]

## The crypto component

Prosecutors said roughly $262 million was raised for the Himalaya Exchange cryptocurrency project, part of the broader scheme in which Guo and Je misappropriated hundreds of millions for personal luxuries (a mansion, luxury cars). [1][2]

## Outcome

Guo was arrested in March 2023 and, after a seven-week trial, convicted on July 16, 2024 of nine of twelve counts including securities fraud, wire fraud, racketeering, and money laundering. Co-defendant Yanping "Yvette" Wang was sentenced to 120 months and ordered to forfeit $1.4 billion; Je remained at large. [1][2]

_Bracketed numbers refer to the numbered sources listed below._

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