Gold Coast crypto-miner assets seized amid fears $60m would vanish

News Snapshot:

McGrathNicol has been appointed as receiver manager over the digital assets of NGS Crypto, NGS Digital and NGS Group, based in Hong Kong, where Brett Mendham, Ryan Brown and Mark Ten Caten are sole directors respectively of the three companies. None responded to The Australian Financial Review’s attempts to make contact. The three directors are also listed as defendants in the action brought by ASIC. ASIC also obtained orders preventing Mr Mendham from leaving Australia. The orders were subject to suppression order until after McGrathNicol had control of NGS’ digital assets. The court ordered the companies and their directors to...