Australian court orders crypto retirement company to shut down services
An Australian court has ordered NGS Crypto, a crypto retirement company to shut down its services after it discovered discrepancies in its books.
NGS Crypto is a digital asset platform that marketed itself as a crypto-based retirement solution. The federal court order was issued this week, after findings revealed that the Gold Coast-linked group operated an unlicensed financial services business.
According to the court, the digital asset platform also posed what it described as a serious risk to investors and the general public.
Australian court orders crypto platform to halt operations
According to The Australian, NGS Crypto promoted what it called digital mining packages, telling investors that they could earn annual fixed…
