Crypto Exchange Founder Takes User Money to Gamble

The British Columbia Securities Commission (Canada) has released evidence that the owner of the ezBtc exchange has appropriated user assets for his own purposes.

Specifically, the founder of the ezBtc exchange, David Smillie, has embezzled nearly 1/3 of user assets ~ $9.5M (935 $BTC & 159 $ETH ) to gamble and spend on personal expenses.

The trial of this Founder will take place on September 24.