Binance among crypto exchange platforms ordered to hand over records to Torque's liquidators

Torque founder Bernard Ong alleged that chief technology officer Wu Zhongyi had made an unauthorised withdrawal of around 72 bitcoins from Torque's Binance account.
Torque founder Bernard Ong alleged that chief technology officer Wu Zhongyi had made an unauthorised withdrawal of around 72 bitcoins from Torque's Binance account.PHOTO: REUTERS

SINGAPORE - Cryptocurrency exchange Binance and its local unit are among 10 business entities and individuals ordered to hand over records to the liquidators of failed cryptocurrency trader Torque.

The High Court order granted last week recognises Torque's liquidation by British Virgin Islands (BVI) courts and empowers liquidators here to gather evidence from eight cryptocurrency entities, Torque's Singaporean founder, Mr Bernard Ong, and his employee, Mr Wu Zhongyi.

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