Blockchain Capital – which operated the ACX crypto exchange that collapsed last year – used customer deposits to fund another part of its business instead of keeping the money in reserve, according to a Sydney Morning Herald report on a court hearing that involved looking into the findings of the exchange’s liquidators.
Related posts
-
Crypto Analyst Reveals Key Insights into Bitcoin Bull-Bear Transition Phase
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is... -
Binance Issues Statement, Denies Involvement in $230,000,000 Hack of Crypto Exchange WazirX
The world’s leading cryptocurrency exchange by trading volume is distancing itself from a cyberattack that recently... -
SquidGrow crypto price down 18% as top coins seek gains
SquidGrow price is down 18% since hitting a new high on September 15, with the 24-hour...