According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has filed a civil lawsuit against Allan Guo, a former director of Blockchain Global, for allegedly breaching his duties as a director. Specifically: Illegal handling of ACX exchange customer funds; Make false statements about the flow of funds. Failure to maintain financial records properly. The ACX exchange collapsed in December 2019. A liquidator's investigation revealed that the company owed 58.60 million Australian dollars (about 37.70 million dollars) to unsecured creditors, of which 22.70 million Australian dollars (about 14.60 million dollars) were funds for exchange customers. ASIC said Guo left the country after the travel restriction order expired in September 2024. The agency is appealing in a separate case, seeking to overturn a lower court ruling in favor of crypto firm Block Earner.