Australia federal court orders travel retraint against former Blockchain Global director | Headlines | News | CoinMarketCap

02/29/2024 14:59
Australia federal court orders travel retraint against former Blockchain Global director | Headlines | News | CoinMarketCap

The Australian Securities and Investments Commission secured travel restraint orders against Liang Guo (also known as Allan Guo), the former director …

The Australian Securities and Investments Commission secured travel restraint orders against Liang Guo (also known as Allan Guo), the former director of defunct Blockchain Global Limited.

Australia’s federal court ordered, among other things, that Guo may not leave or attempt to leave the country until Aug. 20, 2024, according to an announcement from ASIC yesterday.

The orders followed a hearing on Feb. 20, 2024, and come amid concerns from ASIC that Guo may leave the country. Guo did not attend the hearing.

Guo is currently under investigation by ASIC — as are former Blockchain Global directors Samuel Xue Lee and Zijang (Ryan) Xu — following the collapse of a Blockchain Global-operated crypto exchange called ACX Exchange.

Blockchain Global operated ACX Exchange from roughly January …

Read more --->