British Columbia Securities Commission alleges crypto platform did not hold onto its customers’ assets
in the sector last year, BCSC enforcement director Doug Muir said he’s seen quite a few cases such as ezBtc. “At the core of it, a lot of these cases are just an old-fashioned fraud dressed up in a new wardrobe,” Mr. Muir said in an interview.
In November, 2019, customers first woke up to the website ezBtc.ca no longer functioning. They could not perform any transactions or withdraw the assets they believed were being held on the platform in “cold storage,” meaning securely offline under the apparent watch of ezBtc.Now, new findings from the BCSC have revealed that customers could not withdraw their assets because the platform did not keep them in the first place.
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