According to the documents, Mine Digital’s most valuable asset is 39,750 shares held in Bamboo Holdings. These shares are held through MD Bamboo Investment PL, a wholly-owned subsidiary.
Bamboo 61, the registered business of the Bamboo micro-investing platform, holds a registered security over Mine Digital, according to a personal property securities register search.
It is owed around $2.2 million that it loaned to Mine Digital. Mine Digital’s Mr Colthup was a director of Bamboo Holdings Limited, the company that holds the shares in Bamboo 61 Pty Ltd, until mid-September.
From Mr Brown’s report, it is not clear what Mine Digital owes others and what it is owed, but “we have been told by Grant Colthup that ACCE is owed money.”
Legal fight
Last month, the Financial Review revealed Mine Digital had collapsed and control handed to external administrators, amid a dispute where it is being sued for allegedly not doing enough to weed out scammers from its platform.
In July, this masthead revealed the major legal stoush between ACCE and a self-managed super fund over $1.6 million lost to an international fraud ring.
Scammers used the crypto exchange to facilitate the movement of money from investors they tricked using a sham company called 500 Investments.
The 500 Investments scam is what is known as a social engineering scam, where fraudsters manipulate victims with realistic situations, impersonating officials from organisations to trick people into handing money over.
The…
