Guo Wengui, an exiled Chinese billionaire, was arrested in New York on Wednesday for allegedly orchestrating a more than US$1 billion fraud conspiracy that included cryptocurrency, according to the U.S. Department of Justice (DOJ) and the Securities Exchange and Commission (SEC). Guo, along with other defendants, obtained more than US$262 million in victim funds through the Himalaya Exchange, a purported cryptocurrency ecosystem, the DOJ said, adding it had seized approximately $634 million from 21 different bank accounts linked to the alleged fraud. (forkast)