Popular crypto retirement firm shut down by court on Christmas week
Yahoo Finance·2025-12-27 22:44

Christmas week was good for most people, but for hundreds of crypto investors, it ended with a court-ordered shutdown. An Australian court has shut down NGS Crypto, a digital asset company that marketed itself as a crypto-based retirement solution, after liquidators recovered just 4.4millionofanestimated4.4 million of an estimated 40 million invested by the public. The Federal Court order, issued during Christmas week, followed findings that the Gold Coast–linked group operated an unlicensed financial services business and ...