Dasset’s liquidators, David Ruscoe and Russell Moore, both of Grant Thornton, found more than $6m unaccounted for after the crypto firm’s director, chief executive and major shareholder Stephen Macaskill disappeared in August 2023.

After failing to locate the chief executive, who they believe to have skipped the country, Ruscoe and Moore referred unexplained withdrawals and subsequent trades on an offshore derivatives market to law enforcement authorities.

The Serious Fraud Office opened an investigation but it was closed on September 8 after the agency failed to find evidence.

In terms of money returned to customers or investors, Dasset sits between Cryptopia, where users have actually come out well ahead, and the total wipeout of…