<ul><li>ASIC is taking legal action against Allan Guo, the former director of Blockchain Global, the company behind the failed crypto exchange, ACX Exchange.</li><li>ACX Exchange collapsed in 2019, leading to customers losing over AU$20 million, prompting ASIC to investigate Guo's dealings with customer funds and record-keeping failures.</li><li>Allegations against Guo include mishandling customer funds, making false statements about the dealings, and failing to maintain accurate records.</li><li>ASIC's decision to pursue Guo came after a report from The Guardian linked Blockchain Global to fraudulent activities, including ties to the Hyperverse scam.</li></ul>

Aussie Watchdog Sues Boss of Collapsed Exchange ACX Over $20m in Customer Claims

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