Australia bars Blockchain Global director from leaving country

Australian regulators have barred Blockchain Global's director, Ryan Xu, from leaving the country until December 20th, following an investigation into the collapsed ACX Exchange. The ASIC is probing Xu's involvement in the exchange's collapse, which left unsecured creditors with a $37 million debt. Xu is the third individual from the firm under investigation, raising questions about transparency and accountability in the cryptocurrency sector. The matter will return to court on October 30th, 2025, for an inter partes hearing. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.