A federal judge ordered Guo to forfeit $889 million after a jury convicted him of running a scheme that raised over $1 billion partly through the fake Himalaya Coin cryptocurrency. According to The Defiant, a federal judge ordered guo to forfeit $889 million after a jury convicted him of running a scheme that raised over $1 billion partly through the fake himalaya coin cryptocurrency.. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.
