ASIC Sues Former Blockchain Global Director for Misconduct
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The Australian Securities and Investments Commission (ASIC) has initiated a civil lawsuit against Allan Guo, a former director of Blockchain Global, for alleged misconduct during his tenure. The charges include illegal handling of customer funds from the ACX exchange, making false statements regarding fund flows, and failing to maintain proper financial records. The ACX exchange collapsed in December 2019, leaving unsecured creditors owed A$58.6 million, including A$22.7 million in customer funds. Guo reportedly left Australia after a travel ban expired in September 2024 and has not returned.Source:Show Original
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