Australia’s first cryptocurrency fraud case filed to the Federal Court

 A cryptocurrency fraud case has been filed to the Federal Court of Australia. It is believed to be a first for Australian law. The complainant is Alexandre Raffin, is accusing Modern Assets Australia and its directors Jonathan Allison and Carlo Sciubba of breaching their duty of care. Modern Assets Australia is a Gold Coast-based investment company that deals in cryptocurrency. Consequently, Raffin believes this alleged breach resulted in him being scammed out of $93,000

Let’s dive deeper into the case.

Alexandre Raffin v Modern Assets Australia Pty Ltd & ORS

According to ABC News, Raffin approached Modern Assets to…