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Bitcoinist 2024-04-13 03:00:58

Crypto Firms $104 Million Collapse: Australian Watchdog After Two Unlicensed Companies

According to local reports, the Australian Securities and Investment Commission (ASIC) has started legal procedures against two crypto companies and their directors for operating unlicensed in the country. Allegedly, the companies participated in an elaborate scheme that resulted in the loss of AU$ 160 million, worth $104 million, from investors. Related Reading: Hong Kong Set

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