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flag ezBtc and its owner are ordered to pay over $18 million for misusing customers' crypto assets.

flag The British Columbia Securities Commission has ordered cryptocurrency platform ezBtc and its owner, David Smillie, to pay over $18 million in sanctions for fraudulently diverting customers' assets to gambling sites and personal accounts. flag EzBtc misled clients by falsely claiming their digital assets were stored offline for security, but one-third of the crypto assets deposited between 2016 and 2019 were misused. flag Smillie faces an additional $8 million administrative penalty and is banned from British Columbia's investment market.

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