ACXFDUSD
ACX / FDUSD
crypto

tldr; The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Liang “Allan” Guo, a former director of Blockchain Global Ltd, over $20 million in unpaid customer claims tied to the collapsed crypto exchange ACX.io. Guo is accused of misusing user funds, failing to maintain financial records, and making misleading statements. ACX froze withdrawals in 2019, leaving significant debts. ASIC's investigation revealed co-mingling of customer funds, and Guo has since left Australia. Other directors are also under scrutiny for related allegations.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

tldr; The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Liang “Allan” Guo, a former director of Blockchain Global Ltd, over $20 million in unpaid customer claims tied to the collapsed crypto exchange ACX.io. Guo is accused of misusing user funds, failing to maintain financial records, and making misleading statements. ACX froze withdrawals in 2019, leaving significant debts. ASIC's investigation revealed co-mingling of customer funds, and Guo has since left Australia. Other directors are also under scrutiny for related allegations.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.