The Age
·australia
·2 hours ago
CloudTech launches green cryptocurrency amid concerns over executives' past ties
Melbourne fintech group CloudTech, collaborating with RMIT to create green cryptocurrency, is overseen by two former executives from the collapsed $2.8 billion Ponzi scheme HyperTech. US prosecutors claim HyperTech siphoned $2.69 billion from worldwide investors. The executives are not accused of wrongdoing but their past raises concerns about RMIT's sponsorship vetting processes.
Summary by OZbrief · The Age
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