News Explorer — Crypto Exchange ezBtc Convicted of Gambling Away Millions in User Funds

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Aug 13, 2:00 pm

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Crypto Exchange ezBtc Convicted of Gambling Away Millions in User Funds

Canadian cryptocurrency trading platform ezBtc has been found guilty of diverting $9.5 million of customer assets into gambling sites and lying to customers. The platform operated between 2016 and 2019 and was run by founder David Smillie. A B.C. Securities Commission panel ruled that a third of customer assets were diverted, leading to actual loss for customers.

Canadian cryptocurrency trading platform ezBtc has been found guilty of diverting $9.5 million of customer assets into gambling sites and lying to customers. The platform operated between 2016 and 2019 and was run by founder David Smillie. A B.C. Securities Commission panel ruled that a third of customer assets were diverted, leading to actual loss for customers.

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