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ASIC has secured interim journey restraint orders towards former Blockchain World Restricted (in liquidation) director Liang Guo, also called Allan Guo.
The orders, which amongst different issues forestall Mr Guo from leaving or trying to depart Australia till 20 August 2024 or till additional order, have been made by the Federal Courtroom after an utility by ASIC.
The orders have been made on an ex-parte foundation following a listening to on 20 February 2024.
ASIC is presently investigating Mr Guo and two different administrators of Blockchain World, Samuel Xue Lee and Zijang (Ryan) Xu, over their roles within the collapse of a crypto-asset change that Blockchain World operated. ASIC utilized for the journey restraint orders over considerations that Mr Guo could depart the nation whereas it continues its investigation.
Because the listening to was held in his absence, Mr Guo has not but had the chance to answer ASIC’s utility or the premise upon which ASIC claims the orders are essential.
The matter is subsequent due earlier than courtroom on 12 March 2024.
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Background
From round January 2016 till its collapse in round December 2019, Blockchain World operated a crypto asset change often known as the ACX Trade, which allowed prospects to purchase, promote and retailer crypto belongings. On 11 February 2022, Liquidators have been appointed to Blockchain World. On 1 November 2023, the Liquidators lodged with ASIC an in depth report back to collectors outlining potential breaches of the Companies Act 2001 by present and former officeholders of Blockchain, together with Mr Guo, Mr Lee and Mr Xu.
ASIC understands Mr Lee and Mr Xu presently reside abroad.
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