<ul><li>ASIC has filed civil proceedings against Liang “Allan” Guo, the former director of Blockchain Global, for multiple breaches of directors’ duties.</li><li>Guo allegedly made false and misleading statements about dealings with ACX Exchange customer funds and failed to maintain proper books and records.</li><li>Blockchain Global operated the ACX Exchange until its collapse in December 2019, leaving over 20 million Australian dollars owed to former customers.</li><li>ASIC investigated Guo for potential criminal offences, including transferring money from the collapsed exchange to pay his mortgage, as he left Australia after travel restraint orders expired in September 2024.</li></ul>

Australian regulator takes former Blockchain Global director to court

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