Australian regulator takes former Blockchain Global director to court

Australia’s markets regulator has filed civil proceedings against Liang “Allan” Guo, the former director of Blockchain Global.  Guo will face the court on “allegations relating to multiple breaches of his directors’ duties,” the Australian Securities and Investments Commission said in a May 28 press release. ASIC alleged Guo made multiple breaches of directors’ duties relating to his dealings with ACX Exchange customer funds, and claimed he made false and misleading statements about those dealings and failed to maintain proper books and records.  The now-liquidated Blockchain Global operated the ACX Exchange from mid-2016 until December 2019, when it collapsed as customers could no longer withdraw their assets source: https://cointelegraph.com/news/australian-regulator-legal-action-former-blockchain-global-director?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound