ASIC said today (28 February) it had secured interim travel restraint orders against former Blockchain Global Limited (in liquidation) director Liang Guo, also known as Allan Guo.

The orders, which amongst other things prevent Guo from leaving or attempting to leave Australia until 20 August 2024 or until further order, were made by the Federal Court after an application by ASIC.

The orders were made on an ex-parte basis following a hearing on 20 February 2024.

ASIC is currently investigating Guo and two other directors of Blockchain Global, Samuel Xue Lee and Zijang (Ryan) Xu, over their roles in the collapse of a crypto-asset exchange that Blockchain Global operated.

ASIC applied for the travel restraint orders over concerns that Guo may leave the country while it continues its investigation.

As the hearing was held in his absence, Guo has not yet had the opportunity to respond to ASIC’s application or the basis upon which ASIC claims the orders are necessary.

The matter is next due before court on 12 March 2024.