Australian Court Hands Over $41 Million of Crypto Held by Allegedly Unlicensed Blockchain Miners at ASIC Request

The Australian Securities and Investment Commission (ASIC) said on Friday that it had commenced civil proceedings against NGS Crypto, NGS Digital and NGS Group and the sole directors of the companies: Brett Mendham, Ryan Brown and Mark Ten Caten, respectively. Mendham is also restrained from traveling outside of Australia.