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$18M penalty handed to B.C. crypto platform owner who diverted clients’ cash | Globalnews.ca

Global News
Summary
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70% Informative

The British Columbia Securities Commission has imposed sanctions on a cryptocurrency trading platform and its owner.

The commission says it has ordered David Smillie and his company, ezBtc, to pay $10.4 million representing the net amount they’ve gained from their customers “less repayments” The commission is owed hundreds of millions of dollars in unpaid fines handed out to hundreds of individuals and companies.

VR Score

76

Informative language

78

Neutral language

58

Article tone

semi-formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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