3 months ago
Brendan Gunn is the manager of an Australian steadfast that facilitates concern successful crypto and different overseas investments.
Updated Mar 5, 2025, 7:38 a.m. UTCPublished Mar 5, 2025, 7:34 a.m. UTC
Brendan Gunn, the member of Australian breakdancer Raygun, has been charged by the Australian securities regulator for moving a crypto-linked fraud scheme.
The Australian Securities and Investments Commission (ASIC) complaint Gunn with a transgression offence, which carries a maximum 3 years imprisonment, a good of $37,800 oregon both.
Raygun, aka Rachael Gunn, is an Australian breakdancer whose 2024 Olympic quality garnered wide societal media attention. Although Gunn dropped retired of the Olympics, her bizarre show drew a batch of ire from societal media and gave commencement to respective viral memes.
ASIC said that Brendan Gunn carried 2 blank cheques from 3 victims, totaling A$181,000 ($113,000) for crypto investment. Gunn was the manager of Mormarkets Pty Ltd, which accepted deposits for crypto an overseas investment.
Gunn appeared successful beforehand of a section tribunal connected Tuesday, and is scheduled to look successful tribunal connected April 29.
Parikshit Mishra
Parikshit Mishra is CoinDesk's Deputy Managing Editor liable for breaking quality coverage. Before joining CoinDesk, helium was the European Editor astatine Acuris (Mergermarket), wherever helium dealt with copies related to backstage equity and the startup ecosystem. He has besides worked arsenic an expert for CRISIL, covering the European markets and planetary economies. His astir notable tenure was with Reuters, wherever helium worked arsenic a analogous and an exertion for assorted teams. He does not person immoderate crypto holdings.
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