Gambled Away? Canadian Crypto Exchange Founder Guilty Of Stealing $9.5 Million In Users Funds
Summary
Crypto exchange ezBtc and its founder, David Smillie, were found responsible for defrauding users of CAD 13 million in Bitcoin and Ether between 2016 and 2019. The exchange misrepresented its services, misappropriated customer assets for personal use, and transferred funds to online gambling sites. Sanctions are pending for contravention of the Securities Act.
