Liquidators of Mine Digital, a collapsed Aussie cryptocurrency exchange, have applied to freeze the CEO’s assets and want a court to order him to pay compensation.
The liquidator of collapsed Australian cryptocurrency exchange Mine Digital will sue its former chief executive, has moved to freeze his assets, and will implore the court to order him to compensate creditors left chasing $16 million.
Grant Colthup, who was hospitalised from early September until late November, has had an action launched against him in the Federal Court of Australia by PKF partner Brad Tonks, who is the liquidator of ACCE Australia, which traded as Mine Digital.
Mr Tonks has also asked for disclosure orders over Mr Colthup’s finances including income sources, bank account details, cryptocurrency holdings, devices and passwords used to access accounts and any property held by him or related entities. The liquidator also wants the names of anyone who owes the Mine Digital executive money and records of any transfers of more than $1000 – in any currency – since January 1, 2020 by Mr Colthup or to him.
Mr Tonks is also asking the court to declare Mr Colthup breached his director and fiduciary duties to ACCE Australia, and that he pay compensation, an amount of which was not outlined.Mr Tonks told creditors in October that his investigations into the collapse of ACCE Australia had been hindered by a lack of information and Mr Colthup being hospitalised and not contactable since September 6.
However, minutes from a November creditor meeting reveal Mr Colthup is now contactable and Mr Tonks had a telephone conversation with him about Mine Digital and his medical condition.
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