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More than $50 million owed to creditors after collapse of Blockchain Global's cryptocurrency exchange

October 3, 2023
Source: abc.net.au abc.net.au
News Snapshot:
The liquidator of one of Australia's first failed cryptocurrency exchanges, Blockchain Global entity ACX.io, has reported one former and two current directors to the corporate watchdog ASIC for potential breaches of the Corporations Act. Key points: More than $50 million is owed to creditors after Blockchain Global collapsed More than $50 million is owed to creditors after Blockchain Global collapsed Liquidator Andrew Yeo's report outlines the potential misuse of customers' funds Liquidator Andrew Yeo's report outlines the potential misuse of customers' funds Bruno Fabre's claim for money owed to him by the exchange is $100,000 The regulator has told 7.30...
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