Category: Victorian Supreme Court

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Crypto.com customer accused of $7M spending spree granted bail

The judge said that imprisonment wasn’t necessary because Jatinder Singh couldn’t flee Australia without his Indian passport. The Crypto.com customer who was accidentally sent $6.95 million from the exchange in 2021 and then allegedly went on a spending spree has been granted bail in Australia despite $2 million funds still unaccounted for. In the Victorian County Court,…
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ACX’s parent company Blockchain Global collapses owing $15M

Investors are worried the may not be able to recoup their funds from ACX, now that parent company Blockchain Global has entered voluntary administration. Blockchain Global (BGL), the parent company of the now-defunct Australian crypto exchange ACX, has collapsed with outstanding debts of $15 million. On Sept. 13, The Victoria Supreme Court placed a freeze…
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