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<p>The post <a href="https://coinpedia.org/crypto-live-news/canadian-crypto-exchange-misappropriates-9-5m-of-crypto-investments-for-gambling/" rel="noopener noreferrer nofollow">Canadian Crypto Exchange Misappropriates $9.5M Of Crypto Investments For Gambling</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The Canadian cryptocurrency trading platform ezBtc and its founder, David Smillie, defrauded customers by misappropriating 13 million Canadian dollars ($9.5 million) of their cryptocurrency investments and using the funds for gambling. The ezBtc platform, which went offline permanently around September 2019 and was dissolved in 2022, had claimed to store all its users’ crypto investments in cold storage. During its time of operation, between 2016 and 2019, ezBtc amassed over 2,300 Bitcoin (BTC) and over 600 Ether (ETH) from crypto investors. According to the BCSC panel, EzBtc diverted 935.46 Bitcoin and 159 Ether for personal use and gambling.&nbsp;</p>

Canadian Crypto Exchange Misappropriates $9.5M Of Crypto Investments For Gambling

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