BC Securities Commission Panel Uncovers ezBtc Fund Misuse

A panel from the British Columbia Securities Commission (BCSC) has determined that ezBtc, a cryptocurrency trading platform, misappropriated customer funds for gambling and personal use. The findings illustrate significant misconduct by the platform, including the diversion of client assets, which raises serious concerns about the company’s financial practices and governance. This revelation underscores the necessity for stringent regulatory oversight in the cryptocurrency sector to safeguard investors. The news was reported by BetaKit, a Canadian startup news outlet.