UK Insolvency Service and FCA warn of Key Coin Assets Ltd, after 9 investors lost over £300,000 in an alleged Ponzi-style crypto scheme promising returns of up to 100% with “0 Fees, 0 Risks”

Key Coin Assets promised investors returns of between 40% and 100%, but an Insolvency Service investigation found no evidence that genuine crypto trading had taken place and nine complainants had paid more than £300,000 into the company. Investigators found that investor funds were rapidly transferred to the director’s personal account and that payments from newer investors appeared to have been used to repay earlier participants…