The Securities and Exchange Commission (SEC) filed a criminal suit on Tuesday against Bitcoin Company Limited (BX), the country’s first and the largest digital exchange which closed its business last year, alleging the company transferred customers’ digital assets to digital wallets not authorised to hold customers’ assets.
The SEC filed the charges with the Economic Crime Suppression Division to consider investigating and prosecuting the offender. It also notified the Anti-Money Laundering Office to consider taking appropriate action.
The closure of BX’s operation was announced last year amid investors’ growing suspicion about the company’s size in terms of trading volume, value and customers and…
