Grant Colthup, former CEO of Australian stock exchange Mine Digital, has been accused of fraud by the Australian Securities Investment Commission ASIC. Colthup was accused of embezzling $1.47 million intended to purchase Bitcoin for a customer. According to the news, the funds were not used for the transaction, but instead to pay off debts or even buy cryptocurrencies for other people. Regarding the Mine Digital platform, which ceased operations in 2022, creditors are seeking to recover nearly $15 million. Colthup has moved his trial on a charge that could carry up to 20 years in prison to December 16.
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