ASIC Files Civil Proceedings Against Former Blockchain Global Director

The Australian Securities and Investments Commission (ASIC) has filed civil proceedings against former Blockchain Global director Liang “Allan” Guo for alleged breaches of directors’ duties related to the collapse of ACX Exchange. According to ASIC, Guo was involved in the mismanagement of customer funds during his time at Blockchain Global. The regulator alleges that Guo failed to maintain proper financial records and made false statements about the handling of ACX customer assets, leading to the platform’s shutdown in late 2019.