Australian Federal Court Approves Transfer of $41 Million in Digital Assets Following ASIC Petition

Friday, 12 April 2024, 11:25

The Australian federal court has granted a petition by ASIC to transfer $41 million in digital assets held by blockchain mining companies to specialists. Over 450 investors, mostly Australians, are affected by this decision, involving significant crypto holdings. McGrathNicol has been appointed as the restructuring company to manage the assets.

https://store.livarava.com/4579eba1-f8c1-11ee-a6be-63e1980711b2.jpg — Australian Federal Court Approves Transfer of $41 Million in Digital Assets Following ASIC Petition

Australian Court Decision on Crypto Assets

An Australian federal court has approved the transfer of $41 million in digital assets, impacting over 450 investors. The assets were held by blockchain mining companies and will be managed by McGrathNicol, a restructuring company.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Australian Court Decision on Crypto Assets

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