The dodgy transaction happened just two months before the firm went bust in September 2022, says the Australian financial regulator.
The former CEO of the Australian cryptocurrency exchange Mine Digital is facing one count of fraud for allegedly stealing $1.47 million (2.2 million Australian dollars) from a customer who once sought to swap the funds for Bitcoin.
In a statement on Oct. 21, the Australian Securities and Investments Commission (ASIC) said the Mine Digital customer paid $1.5 million to ACCE Australia — but never received the cryptocurrency in exchange.
ASIC alleges that Colthup either used the funds to pay ACCE’s liabilities, purchase cryptocurrency for others, or a combination of both.
