Chinese tycoon secretly controlled Gettr to promote crypto
The former Chinese billionaire behind the ill-fated Himalayan exchange and stablecoin reportedly pulled the strings of right-wing media outlet Gettr, using the platform to promote cryptocurrencies and conservative propaganda. This is according to former Gettr employees who spoke to The Washington Post.
Guo Wengui was a well-known Gettr investor, but as of last Sunday, it is now clear how big a role he had to play in funding, hiring and content decisions for the platform.
Former Trump aide Jason Miller launched Gettr in 2021 and describes it as a champion of “free speech,” saying it “rejects cancellation culture, and provides a best-in-class technology platform for the marketplace of ideas.”
Miller has previously stated that Guo had no authority at Gettr, but anonymous Gettr employees told The Post:
- Guo visited the Gettr offices on the same floor as a number of his other businesses.
- Miller reported to Guo and his chief financial officer, William Je, not the other way around.
- Contractor Orbit, which helped Gettr with content moderation, was keen to delete any posts critical of Guo.
- Many on the Gettr staff were Guo acolytes.
- Guo pushed users to the Captiol riots, claiming the violence on the day was the result of ANTIFA.
It was not to last, and Guo was arrested on March 15 this year. He faces a range of charges from money laundering to wire fraud as part of a “$1 billion fraud conspiracy.”
Himalaya Coin to Gettr Coin
Guo also played a role in introducing Gettr Coin to the platform. The coin was posted as a way for users to be rewarded on the site. ‘GETTR’ was offered to users at 10 cents apiece and could be sent to other wallets on the Gettr site.
Read more: ‘Billionaire’ crypto entrepreneur went bankrupt 4 months after cigar-filled promo vid
However, as Gettr’s website describes, “The coins have no monetary value and cannot be redeemed from the platform.”
It would make sense for Guo to take charge of the Gettr coin given his experience with Himalaya Coin and his own crypto exchange.
Security records from his arrest estimate that Guo fraudulently earned $267 million through the promotion and sale of his Himalayan coin in October 2021. Je helped fake the purchase of a Ferrari through the Himalayan Exchange to create a sense of legitimacy in the project.
Just one month before this, the Securities and Exchange Commission charged Guo and Steve Bannon with unregistered securities offerings, one of which is a cryptocurrency known as G-coin. The SEC ordered them to cough up $539 million.
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