Regulator takes action after masthead reveals links between two of company’s directors and a series of failed crypto schemes
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Australia’s corporate regulator will examine details of the collapsed bitcoin company Blockchain Global after a Guardian Australia investigation revealed links between two of its directors and a series of failed crypto investment schemes.
Blockchain Global collapsed in 2021 owing creditors $58m, with the liquidator referring its directors – Allan Guo, Sam Lee and Ryan Xu – to the Australian Securities and Investment Commission for potential breaches of the Corporations Act. This included possible breaches of director’s duties, breaches of trust and unreasonable director-related transactions.
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