The UK encryption company BTCMining Limited has been ordered to shut down by the court due to suspected fraud.

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According to CryptoNews, the UK cryptocurrency company BTCMining Limited has been shut down for suspected fraud, with users from multiple countries (including Estonia, Mauritania, Iran, etc.) complaining that after paying for mining services, they did not receive the promised returns and could not withdraw their funds. The UK anti-fraud agency Action Fraud received 6 formal complaints, with users losing over $18,000, but the actual number of victims may be even higher. Investigations revealed that the company has no legitimate registered address, its website is no longer accessible, and the only director, Stibich Martins Yhaicha Luzia, has been unreachable since the company's establishment in January 2024. The Manchester High Court ruled to shut down the company on April 28.

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