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[Ryan Xu Prohibited from Leaving Australia Before December 20] The Federal Court of Australia has prohibited Ryan Xu, director of Blockchain Global (founder of HCash, nicknamed 'Mars Man' Xu Zijing), from leaving Australia before December 20. The Australian Securities and Investments Commission (ASIC) is investigating Ryan Xu's connection with the cryptocurrency platform ACX Exchange operated by Blockchain Global. ACX Exchange collapsed in December 2019, facing issues with fund or cryptocurrency withdrawals. ASIC launched the investigation in January 2024, and the liquidator's report shows that as of October 2, 2023, Blockchain Global owes approximately AUD 58 million (USD 37.3 million) to unsecured creditors. Ryan Xu is the third person under ASIC's investigation; the previous two directors, Allan Guo and Samuel Xue Lee, were also restricted from leaving the country.

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