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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 $4.4 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 ...