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Failed crypto company collapses owing $21m

James Frost
James FrostFinancial services writer
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The developer of the failed ACX crypto-currency trading platform known as Blockchain Global (BGL) has entered voluntary administration owing creditors $21 million as the former CEO and founder looks to distance himself from the group’s woes.

Blockchain Global’s former CIO Allan Guo and CEO Sam Lee at a 2014 product launch. Paul Jeffers

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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
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    Original URL: https://www.afr.com/companies/financial-services/failed-crypto-company-collapses-owing-21m-20211103-p595n3