ezBtc & Founder David Smillie Embroiled in $13M Crypto Fraud

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

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Source: Coinmarketcap

Updated: Aug 13 2024

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.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

ezBtc & Founder David Smillie Embroiled in $13M Crypto Fraud

About the author

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