ASIC said in a statement:

The orders were made on an ex-parte basis following a hearing on 20 February 2024.

ASIC is currently investigating Mr Guo and two other directors of Blockchain Global, Samuel Xue Lee and Zijang (Ryan) Xu, over their roles in the collapse of a crypto-asset exchange that Blockchain Global operated. ASIC applied for the travel restraint orders over concerns that Mr Guo may leave the country while it continues its investigation.

As the hearing was held in his absence, Mr Guo has not yet had the opportunity to respond to ASIC’s application or the basis upon which ASIC claims the orders are necessary.

The matter is next due before court on 12 March 2024.

From around January 2016 until its collapse in around December 2019, Blockchain Global operated a crypto asset exchange known as the ACX Exchange, which allowed customers to buy, sell and store crypto assets. On 11 February 2022, Liquidators were appointed to Blockchain Global. On 1 November 2023, the Liquidators lodged with ASIC a detailed report to creditors outlining potential breaches of the Corporations Act 2001 by current and former officeholders of Blockchain, including Mr Guo, Mr Lee and Mr Xu.

ASIC understands Mr Lee and Mr Xu currently reside overseas.

Orders and judgment: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/20…