Australian ASIC Tries To Recover $ 29 Million In Bitcoin Due To Fraud

In a statement released on November 23, the Australian Securities and Investments Commission (ASIC) seeks to acquire $ 29 million worth of Bitcoin. These bitcoins were stored on a crypto device owned by Arin Halla, accused of collaborating with a large pension scheme. Fraud investigations also include CoinSpot, a major sponsor of the AFL Western Bulldogs. CoinSpot is a cryptocurrency exchange that Aryn Hala uses to invest in illicit funds. ASIC accuses Arin Halla, his partner Heidi Walters and their company, A One Multi, of defrauding 92 Australians. According to the bank account, the company received $ 25 million from investors. No criminal charges have been laid. (Uh)