**Cryptocurrency and Blockchain News**

Former ACCE Australia CEO Grant Colthup has been charged with fraud following an investigation by the Australian Securities and Investments Commission (ASIC).

- Colthup, accused of embezzling $1.47 million from a client, has appeared in court in Ipswich, Queensland.

- ACCE operated a cryptocurrency trading platform under the brand "Mine Digital" from 2019 to 2022.

- ASIC alleges that instead of delivering the bitcoin to the client, Colthup used the funds to cover ACCE's financial obligations and purchase cryptocurrency for other clients.

- The maximum penalty under section 408C of the Queensland Criminal Code 1899 is 20 years in prison. The case has been adjourned until December 16, 2024.

- ACCE went bankrupt in September 2022, leaving creditors with debts of about $16 million.

- An investigation found financial inconsistencies and insufficient transaction records.

These events highlight the importance of transparency and accountability in the management of digital assets.