UK Court Winds Up Crypto Firm After £300k Lost by Investors

A UK court has wound up Key Coin Assets Ltd after an investigation by the Insolvency Service found no evidence that the company carried out any of the crypto trading it advertised.

Nine investors lost over £300,000 to the firm, which promised guaranteed returns ranging from 40% to 100%

Investigators discovered that customer funds were often transferred into the company director's personal account within hours or on the same day they arrived