Miles Guo Gets 30 Years for a $1 Billion Fraud Built on Fake Crypto

By Isaac • June 30, 2026 9:43 pm •

Miles Guo, the Chinese exile who built an online following and turned it into a billion-dollar money machine, was sentenced to 30 years in federal prison on June 30, 2026.

The U.S. Attorney’s Office for the Southern District of New York announced the sentence for racketeering conspiracy, wire fraud conspiracy, securities fraud, money laundering, and other charges.

Prosecutors said the scheme pulled more than $1 billion from thousands of Guo’s followers through false statements and misrepresentations.

The crypto claim sits at the center of the case: prosecutors say Guo sold H Coin and H Dollar as real digital assets when they were not.

Guo launched the Himalaya Exchange in 2021 and told followers they could