ASIC has initiated legal proceedings against Liang Guo, former director of Blockchain Global, over allegations of misusing more than 20 million USD of customer funds tied to the ACX exchange.
According to liquidators, ACX customers are collectively owed at least 22.7 million USD, part of an overall debt of 58.6 million USD, highlighting financial mismanagement within the company.
Guo left Australia shortly after interim court orders expired, allowing him to exit the country undetected despite ongoing investigations linking his actions to significant financial misconduct at Blockchain Global.
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