US court sentences Chinese billionaire Guo Wengui to 30 years for $1B crypto fraud

Guo Wengui, a real estate tycoon who sought asylum in the U.S. after exposing corruption within the Chinese Communist Party leadership, has been sentenced to 30 years in prison on fraud charges, The Block reported. He was arrested in 2023 on charges of conspiring in a fraud scheme that raised over $1 billion through cryptocurrency.