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Crypto Exchange Founder Accused of Gambling Away User Funds on Betting Sites, Losing $9,500,000

Crypto Exchange Founder Accused of Gambling Away User Funds on Betting Sites, Losing ,500,000

A securities regulator in Canada has charged the head of a crypto exchange with gambling users’ crypto. According to a new official decision from the British Columbia Securities Commission (BCSC), crypto exchange ezBtc founder David Smillie used CAD $13 million ($9.48 million) in customer funds for online gambling. “The respondents perpetrated a fraudulent scheme relating […]

The post Crypto Exchange Founder Accused of Gambling Away User Funds on Betting Sites, Losing $9,500,000 appeared first on The Daily Hodl.

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