<ul><li>Former CEO of Mine Digital, Grant Colthu, is facing fraud charges for allegedly misappropriating a customer's $1.47 million intended for Bitcoin purchase.</li><li>The Australian Securities and Investments Commission (ASIC) alleges that the funds were diverted for other purposes and used to cover liabilities or purchase cryptocurrency for others.</li><li>The accusations come after Mine Digital collapsed in 2022, leaving creditors seeking to recover an estimated $15 million in lost funds.</li><li>Colthu's case has been adjourned to December 16, and he could face a maximum sentence of 20 years if found guilty.</li></ul>

Crypto Exchange Scandal: Former-CEO Of Mine Digital Accused Of $1.5M Bitcoin Heist

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