The Australian Securities and Investment Commission (ASIC) accused Brendan Gunn, the brother of the Breke Dance, who performs under the pseudonym Raygun, of the brother of the Brendan Gunn.

From March to May 2020, Gann illegally converted fiat currencies into digital assets, says ASIC. According to the department, Gann dealt with income received by criminal means. In particular, he received two banking checks totaling $ 181,000 from several investors who sent him funds for transfer to cryptocurrency.

Gann was the director of Mormarkets Pty, who took deposits from the Australians for converting into crypto assets. The company also offered opportunities for foreign investment. ASIC claims that Gann has repeatedly opened bank accounts on behalf of the company to receive and transfer funds, although banks have repeatedly closed these accounts from fraud. Banks warned the entrepreneur about their fears, the regulatory said.

On March 4, 2025, the accused appeared before the trial of a downing center in Sydney. The next meeting is scheduled for April 29. If Gann is found guilty, he may face imprisonment of up to three years and a fine worth $ 23,814.

Brendan Gann is the brother of the Australian dancer Break Dance Rachel Gunn, who debuted at the 2024 Olympics in Paris. She withdrew from the competition, but the video with her performance became a viral and the reason for creating memes.

In December, ASIC sued the Binance Australia Derivatives platform, accusing consumer rights and margin trade requirements. In the same month, the regulator, for a similar reason, fined $ 5.2 million by Bit Trade, a local Kraken crypto officer.