The British Columbia Securities Commission (BCSC) has ordered David Smillie, the founder of the defunct crypto trading platform ezBtc, to pay $18.4 million in penalties for his involvement in a significant fraud scheme. Between 2016 and 2019, ezBtc misled customers by claiming their crypto assets would be stored securely in cold wallets. Instead, a substantial portion—about $13 million—was diverted to gambling websites and Smillie’s personal accounts on other platforms. The company, which was dissolved in 2022, failed to participate in the hearing, and Smillie, though represented by a lawyer, was found responsible for the platform's misconduct.
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Mkt Cap $2.29T
BTC Dom 56.78 %
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$64,848.00
▲ +0.70%
ETH
$1,913.55
▲ +0.50%
USDT
$0.999492
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BNB
$591.94
▲ +0.20%
USDC
$0.999718
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.61
▲ +1.10%
TRX
$0.327264
▲ +0.10%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.20
▼ -3.30%
DOGE
$0.069657
▲ +1.20%
USDS
$0.999961
▲ +0.00%
RAIN
$0.012716
▲ +1.30%
LEO
$9.76
▲ +0.10%
ZEC
$508.80
▲ +3.20%
ADA
$0.200843
▼ -0.80%
XMR
$376.05
▲ +2.10%
WBT
$56.11
▲ +0.60%
LINK
$8.16
▼ -0.30%
XLM
$0.160951
▲ +0.40%
DAI
$0.999918
▲ +0.00%
BCH
$215.33
▲ +1.10%
USD1
$0.999874
▲ +0.00%
USDE
$0.999831
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GRAM
$1.35
▼ -1.70%
BTC
$64,848.00
▲ +0.70%
ETH
$1,913.55
▲ +0.50%
USDT
$0.999492
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BNB
$591.94
▲ +0.20%
USDC
$0.999718
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.61
▲ +1.10%
TRX
$0.327264
▲ +0.10%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.20
▼ -3.30%
DOGE
$0.069657
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USDS
$0.999961
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RAIN
$0.012716
▲ +1.30%
LEO
$9.76
▲ +0.10%
ZEC
$508.80
▲ +3.20%
ADA
$0.200843
▼ -0.80%
XMR
$376.05
▲ +2.10%
WBT
$56.11
▲ +0.60%
LINK
$8.16
▼ -0.30%
XLM
$0.160951
▲ +0.40%
DAI
$0.999918
▲ +0.00%
BCH
$215.33
▲ +1.10%
USD1
$0.999874
▲ +0.00%
USDE
$0.999831
▲ +0.00%
GRAM
$1.35
▼ -1.70%
Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,848.00
▲ +0.70%
ETH
$1,913.55
▲ +0.50%
USDT
$0.999492
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BNB
$591.94
▲ +0.20%
USDC
$0.999718
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.61
▲ +1.10%
TRX
$0.327264
▲ +0.10%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.20
▼ -3.30%
DOGE
$0.069657
▲ +1.20%
USDS
$0.999961
▲ +0.00%
RAIN
$0.012716
▲ +1.30%
LEO
$9.76
▲ +0.10%
ZEC
$508.80
▲ +3.20%
ADA
$0.200843
▼ -0.80%
XMR
$376.05
▲ +2.10%
WBT
$56.11
▲ +0.60%
LINK
$8.16
▼ -0.30%
XLM
$0.160951
▲ +0.40%
DAI
$0.999918
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BCH
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USD1
$0.999874
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USDE
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GRAM
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▼ -1.70%
