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The Guardian - AU

Technology

Sarah Martin

Former crypto director banned from leaving Australia after Blockchain Global collapsed owing $58m

Blockchain Global blockchain Australia Crypto United States Sam Lee Button Ryan Xu Guardian Australia The Australian Securities and Investments Commission

Asic — The Australian Securities and Investments Commission secured an interim travel ban preventing a former director of the Australian crypto company Blockchain Global from leaving the country. Photograph: Asic

A former director of the Australian crypto company Blockchain Global, which collapsed owing creditors $58m, has been banned from leaving the country.

The Australian Securities and Investments Commission secured the interim travel ban in the federal court on 20 February after successfully arguing the director, Liang “Allan” Guo, posed a flight risk.

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