

A secretive Melbourne cryptocurrency billionaire has launched legal action against a former employee over an alleged $500,000 loss.

The businessman claims the former support worker transferred company funds into a personal bank account.
Court documents allege the money was moved through 76 separate transactions.
The case involves CoinSpot, one of Australia’s major cryptocurrency exchanges.
The company is seeking to recover the alleged missing funds, along with damages and interest.
The former employee’s response to the allegations will now be considered as the legal case continues.

