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Will ASIC impose a financial penalty on Grant Colthup by the end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Announcements or press releases from the Australian Securities and Investments Commission (ASIC)
Story
Former Mine Digital CEO Charged with Fraud Over $2.2M in BTC
Oct 22, 2024, 04:10 AM
Grant Colthup, the former CEO of the Australian crypto exchange Mine Digital, has been charged with fraud by Australia's corporate watchdog, the Australian Securities and Investments Commission (ASIC). Colthup is accused of misappropriating $2.2 million in Bitcoin (BTC) to cover debts before the platform's collapse. Additionally, he allegedly stole $1.47 million from a customer who intended to swap the funds for Bitcoin just before the exchange went bust in September.
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Yes • 50%
No • 50%
No penalties • 25%
Fines only • 25%
Fines and operational restrictions • 25%
Fines and executive changes • 25%
Introduce new regulations • 25%
Issue further penalties • 25%
Conduct more investigations • 25%
No further action • 25%
Paid in full • 25%
Partially paid • 25%
Not paid • 25%
Disputed in court • 25%
Yes • 50%
No • 50%
