Former Mine Digital CEO Faces $1.5 Million Embezzlement Charge

- Grant Colthup, the former CEO of ACCE Australia, is facing embezzlement charges following an investigation by the Australian Securities and Investments Commission (ASIC).

- Colthup is accused of taking $1.47 million from a client, using the money to pay off ACCE's debts and buy cryptocurrency for other clients instead of delivering Bitcoin as promised.

- The case is part of a string of legal troubles for ACCE, which collapsed in September 2022, leaving it with around $16 million in debt.

- The case is set to go to trial on December 16, 2024, and could result in a maximum prison sentence of 20 years. 🚨