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Brendan Gunn is the director of an Australian firm that facilitates investment in crypto and other overseas investments.
Updated Mar 5, 2025, 7:39 a.m. UTCPublished Mar 5, 2025, 7:34 a.m. UTC
What to know:
- Brendan Gunn charged for a crypto-linked fraud scheme.
- ASIC accuses Gunn of stealing A$181,000 ($113,000) for crypto investment.
- Gunn’s sister, breakdancer Raygun, gained fame from her infamous 2024 Olympics appearance.
Brendan Gunn, the brother of Australian breakdancer Raygun, has been charged by the Australian securities regulator for running a crypto-linked fraud scheme.
The Australian Securities and Investments Commission (ASIC) charge Gunn with a criminal offence, which carries a maximum three years imprisonment, a fine of $37,800 or both.
STORY CONTINUES BELOW
Raygun, aka Rachael Gunn, is an Australian breakdancer whose 2024 Olympic appearance garnered widespread social media attention. Although Gunn dropped out of the Olympics, her bizarre performance drew a lot of ire from social media and gave birth to several viral memes.
ASIC said that Brendan Gunn carried two blank cheques from three victims, totaling A$181,000 ($113,000) for crypto investment. Gunn was the director of Mormarkets Pty Ltd, which accepted deposits for crypto an overseas investment.
Gunn appeared in front of a local court on Tuesday, and is scheduled to appear in court on April 29.
Parikshit Mishra is CoinDesk’s Deputy Managing Editor responsible for breaking news coverage. Before joining CoinDesk, he was the European Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
