B.C. Securities Commission finds $13M in fraud by crypto trading platform

British Columbia Securities Commission News

B.C. Securities Commission finds $13M in fraud by crypto trading platform
David SmilliePersonal AccountsCrypto Assets
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VANCOUVER — A panel of the British Columbia Securities Commission has found a cryptocurrency trading platform and its owner lied to customers and diverted...

VANCOUVER — A panel of the British Columbia Securities Commission has found a cryptocurrency trading platform and its owner lied to customers and diverted about $13 million in assets to gambling and personal accounts .

The commission says in a statement issued Monday that it hired a forensic data analytics firm to determine what happened to the cryptocurrency, and some of it was "quickly transferred" either to Smillie's accounts or two gambling websites.It says the panel found that Smillie directed the affairs of ezBtc, and by authorizing the company's misconduct, he committed the same misconduct as the platform.

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David Smillie Personal Accounts Crypto Assets Digital Assets Gambling Websites Trading Platforms

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