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Australians Lose Millions in Unlicensed Crypto Scheme Targeting Retirement Funds

Moussa by Moussa
December 30, 2025
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Australians Lose Millions in Unlicensed Crypto Scheme Targeting Retirement Funds
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Australians Lose Millions in Unlicensed Crypto Scheme Targeting Retirement FundsHundreds 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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