The Australian Securities and Investments Commission (ASIC) has secured temporary travel restriction orders against the director of Blockchain Global Limited (in liquidation), Zijing Xu, also known as Ryan Xu.
Federal Court orders made on 20 October 2025 prohibit Mr Xu from leaving or attempting to leave Australia until 20 December 2025.
ASIC applied for the Court’s orders on an ex parte basis, meaning Mr Xu has not yet had an opportunity to be heard by the Court or respond to ASIC’s application. All parties will have an opportunity to be heard at the next court date.
ASIC is currently investigating Mr Xu in relation to the collapse of a crypto asset exchange operated by Blockchain Global. ASIC has applied for travel restriction orders over its concerns while it continues its investigation.
From around January 2016 until its demise in December 2019, Blockchain Global operated a crypto asset exchange known as the ACX Exchange, making it easy for customers to buy, sell and store crypto assets. On 11 February 2022, Liquidators were appointed to Blockchain Global.