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Australia Is Holding Former ACX Executive Accountable for Crypto Collapse

  • Former ACX executive in Australia is being held accountable for the crypto collapse of the exchange that operated between 2016 and 2019.
  • The collapse of Blockchain Global, ACX's parent company, has left unsecured creditors, including users who lost money, owed over AU$22.7 million (US$14.6 million).
  • An investigation into the executive's conduct began in January 2024 after a report outlined possible breaches of the Corporations Act.
  • This case highlights the increasing regulatory pressure on crypto executives in Australia and emphasizes the importance of transparency, compliance, and proper governance in the crypto industry globally.

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