Saturday January 3, 2026

Australians Lose Millions in Unlicensed Crypto Scheme Targeting Retirement Funds

Australians Lose Millions in Unlicensed Crypto Scheme Targeting Retirement Funds

by Terence Zimwara December 30, 2025 1 min read

(Originally posted on : Bitcoin News )

Hundreds of Australians have suffered major losses after a Federal Court ordered the liquidation of NGS Crypto and associated companies for operating without a license. More than 450 investors poured $40.2 million into the scheme, but liquidators have found only $4.6 million in cryptocurrency so far. A Multimillion-Dollar Shortfall Hundreds of Australians who trusted their […]

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