ezBtc & Founder David Smillie Embroiled in $13M Crypto Fraud
Fraud Case Against ezBtc: David Smillie and his company ezBtc are accused of defrauding investors by misappropriating over 2,300 BTC and 600 ETH for personal use, resulting in losses exceeding 13 million Canadian dollars. The British Columbia Securities Commission has highlighted the deceitful practices that prevented customers from withdrawing their assets.
Canadian Crypto Market Overview: Canada, an early adopter of cryptocurrencies, is experiencing significant growth in its crypto market, with expected revenues reaching US$941.6 million by 2024 and a user base of approximately 13.36 million by 2025. The broader global crypto market is projected to reach $7.5 trillion by the end of 2025, despite recent fluctuations in Bitcoin and Ethereum prices.
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