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Regulator Says Former CEO of Mine Digital Stole $1.50 million From Bitcoin Users

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2024-10-22 03:57:22
The former CEO of Australian cryptocurrency exchange Mine Digital is facing a fraud charge for allegedly stealing $1.47 million (2.20 million Australian dollars) from a customer who had tried to exchange funds for bitcoin.
The Australian Securities and Investments Commission (ASIC) said in a statement on October 21 that Mine Digital customers paid ACCE Australia $1.50 million but never received the cryptocurrency.
ASIC accused Colthup of either using the funds to pay off ACCE's debts, or to purchase cryptocurrency for others, or both.
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