Regulators say former Mine Digital CEO stole $1.5 million from Bitcoin users

the former CEO of Mine Digital, an Australian cryptocurrency exchange, is facing fraud charges for allegedly stealing $1.47 million (AUD 2.2 million) from a customer who attempted to exchange funds into Bitcoin. The Australian Securities and Investments Commission (ASIC) stated in a statement on October 21 that Mine Digital's customer paid $1.5 million to ACCE Australia but never received the cryptocurrency. ASIC alleges that Colthup either used these funds to repay ACCE's debt, purchased cryptocurrency for someone else, or both.

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