According to local reports, the Australian Securities and Investment Commission (ASIC) has started legal procedures against two crypto companies and their directors for operating unlicensed in the country. Allegedly, the companies participated in an elaborate scheme that resulted in the loss of AU$ 160 million, worth $104 million, from investors. ASIC After Unlicensed Mining Companies […]
In a recent report by The Guardian, it has been revealed that Sam Lee, an Australian blockchain entrepreneur facing charges of conspiracy to commit fraud in the US for his alleged involvement in a $1.89 billion crypto “Ponzi scheme,” has appeared in a video promoting a new investment project shortly after the charges were filed […]