Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal

[Bitcoin]

Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal

Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He’s accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup violated a law against false or misleading representations. The funds were reportedly used to pay the exchange’s debts or buy crypto for others. The exchange […]

Source: Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal