Former CEO of Australian crypto exchange Mine Digital accused of defrauding $1.47 million from customers who wanted to convert to Bitcoin. ASIC says customers paid $1.5 million but did not receive BTC. Colthup allegedly used the money to pay debts or buy crypto for others.

- Mine Digital collapses in September 2022, creditors seek to recover $16 million.

- Colthup charged with fraud, faces maximum 20 years in prison.

- BTC price when trading was $18,890 - $24,580, currently $67,460, BTC value could be as high as $5.24 million.

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