The Federal Court of Australia has approved an application by Australia's securities regulator to close 95 "hydra" companies suspected of operating cryptocurrency exchanges and emotional scams. The Australian Securities and Investments Commission (ASIC) 's winding-up application has been approved by the Australian Federal Court on just and equitable grounds after ASIC found that most of the companies were registered with misinformation.
In a statement on April 8, ASIC vice-chair Sarah Court said many of these companies were set up claiming to provide "genuine services" but were in fact suspected of defrauding victims. "There appears to be a common'romance scam 'pattern in the nature of these scams," Justice Angus Stewart said in the April 4 court ruling, after looking at 48 "misconduct reviews" of 17 companies accused of aiding emotional scams. The judgment was handed down on March 21.
Australian regulators allowed to close 95 "hydra" companies suspected of cryptocurrency and emotional scams
2025-04-08 03:34:43
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
澳大利亚监管机构获准关闭95家涉嫌加密货币和情感诈骗的“hydra”公司Next article：
某地址持仓6年后遭清算1亿美元
