ASIC - Australian Securities and Investments Commission
ASIC - Australian Securities and Investments Commission
10/29/2025 | Press release | Distributed by Public on 10/28/2025 17:57
ASIC secures interim travel restraint orders against Blockchain Global director Ryan Xu
ASIC has secured interim travel restraint orders against Blockchain Global Limited (in liquidation) director Zijing Xu, also known as Ryan Xu.
The Federal Court's orders made on 20 October 2025 prohibit Mr Xu from leaving or attempting to leave Australia until 20 December 2025.
ASIC applied for the Court orders on an ex parte basis, which means that Mr Xu has not yet had the opportunity to be heard by the Court or respond to ASIC's application. All parties will have the opportunity to be heard at the next Court date.
ASIC is currently investigating Mr Xu in connection with the collapse of a crypto asset exchange that Blockchain Global operated. ASIC applied for travel restraint orders over its concerns while it continues its investigation.
The matter is next due before court on 30 October 2025 for an inter partes hearing.
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Orders
Background
From around January 2016 until its collapse in around December 2019, Blockchain Global operated a crypto asset exchange known as the ACX Exchange, facilitating customers to buy, sell and store crypto assets. On 11 February 2022, Liquidators were appointed to Blockchain Global.
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