Australia’s ASIC sues Blockchain Global former Exec over global crypto breach
Australia’s corporate regulator said on Wednesday that it has
initiated civil penalty proceedings against Liang (Allan) Guo, a
former director of the failed cryptocurrency exchange firm
Blockchain Global, alleging multiple breaches of duties,
Azernews reports, citing Tribune.
The Australian Securities and Investments Commission’s
allegations in the federal court are in relation to Guo’s
involvement in Blockchain Global’s operation of a cryptocurrency
exchange platform, ACX Exchange, which collapsed around December
2019, when customers began being unable to withdraw funds or
cryptocurrency from their accounts.
The allegations relate to Guo’s dealings with ACX Exchange
customer funds, statements made about those…
