Global Tech Exchange, the Brisbane-based project that was planning to raise somewhere between $10 and $50 mln through an ICO, has been halted by the Australian Securities and Investments Commission (ASIC).
The project intended to launch a cryptocurrency trading platform. The initial coin offering started on Sept. 12 and was to run until Dec. 10. Earlier this year, Global Tech gained public attention in August due to an endorsement by famous cricket-player Michael Clarke, who announced his involvement with the project on Twitter.
Dogecoin (DOGE) Begins $1 Wave Surge, Bitcoin's (BTC) Trouble at $100,000: Details, Solana (SOL) to Get Tested in 3 Days
Crypto Market Hit by $500 Million Liquidation Tsunami as XRP Plunges 10%
10 Reasons Why Stellar (XLM) Is Most Underrated Crypto by XRP and Ripple Co-Creator
Elon Musk Reacts to Jim Cramer 'Causing' Bitcoin (BTC) Price Reversal
On Monday, Oct. 22, the company announced on its website that “Michael Clarke is no longer associated with Global Tech Exchange.” Global Tech also said that it had issued full refunds to all investors.
Advertisement
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin