News Snapshot:
Almost $20,000 of Lisa Chen’s savings were sent to overseas bank accounts before she saw red flags about her investment into a scheme that promised to reshape the global financial order. In April last year, Ms Chen — a Chinese immigrant to Australia — began investing in a new cryptocurrency called Himalaya Coin, or HCoin. The digital token was being promoted by a global anti-Chinese government movement founded by fugitive Chinese businessman Guo Wengui and former Trump adviser Steve Bannon. Mr Guo claimed the token would one day replace the Chinese renminbi. A member of Mr Guo’s movement since early...
