Aussie crypto CEO charged with fraud | Information Age
Former Mine Digital CEO Grant Colthup has been charged with fraud. Photo: Mine Digital / Supplied
The former CEO of collapsed Australian cryptocurrency exchange Mine Digital, Grant Colthup, has been charged with fraud after an investigation by the corporate regulator found a customer did not receive millions of dollars worth of Bitcoin they had paid for.
The Australian Securities and Investments Commission (ASIC) alleges a customer paid $2.2 million to ACCE Australia Pty Ltd, trading as Mine Digital, for Bitcoin in July 2022.
Bitcoin was trading for around $30,000 per coin at the time of the transaction with Mine Digital, according to historical price data.
The cryptocurrency is now trading at around $100,000 per…
