A crypto investment company that promised returns of up to 100% and advertised '0 Fees, 0 Risks' has been shut down after investors lost more than £300,000 to a 'Ponzi-style' scheme, according to an investigation by the UK Insolvency Service.
Key Coin Assets was wound up at the High Court in London on Tuesday after investigators found no evidence that the company carried out genuine cryptocurrency trading. Nine investors who reported losses to Action Fraud had collectively paid more than £300,000 into the business.
