Canadian crypto platform EzBtc allegedly used client cash for online casinos

It is alleged that EzBtc, a former Canadian cryptocurrency trading platform, transferred nearly $9.6 million in customer funds to two online crypto casinos against the will of its clients.

Clients of EzBtc deposited over 2,300 Bitcoin and over 600 Ether on the platform between 2016 and 2019. According to market value, those are the two biggest digital currencies.

The crypto casinos in question were not identified by the regulatory body. The rise in popularity of cryptocurrency casinos in recent years has made it possible for people to adopt and use Bitcoin and other digital currencies more widely.
 
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