A team set up by the British Columbia Securities Commission (BCSC) of Canada recently found that the cryptocurrency trading platform ezBtc and its founder David Smillie were suspected of embezzling approximately US$9.5 million in customer funds for personal purposes such as gambling. ezBtc accumulated more than 2,300 bitcoins and more than 600 Ethereums during its operation from 2016 to 2019. The BCSC team stated that Smillie transferred nearly one-third of user funds to personal accounts and gambling websites. ezBtc was permanently offline in September 2019 and disbanded in 2022. (Cointelegraph)