UK Court Orders Closure of Crypto Firm Key Coin Assets After £300K Losses

A London High Court ordered the closure of Key Coin Assets Ltd on 11 August 2026 after an Insolvency Service investigation found the firm operated as an unauthorised crypto investment scheme. Nine investors who reported the matter to Action Fraud had collectively handed over more than £300,000.

The firm marketed guaranteed returns of 40% to 100%, using slogans such as "0 Fees, 0 Risks." Investigators found no evidence of genuine trading activity. Bank records showed deposits were transferred to the director's personal account, often on the same day they arrived. The company repeatedly changed its registered address, at one point listing a residential flat whose occupants said they had never heard of the business.