A UK-registered crypto company, BTCMining Limited, has been shut down following international fraud complaints. Despite claiming to offer crypto mining services, customers from countries including New Zealand, Estonia, Iran, Poland, Mauritania, and Romania reported that they:
- Paid for mining services they never received
- Were unable to withdraw their funds
- Faced unexpected additional payment demands
What Went Wrong?
An Insolvency Service investigation revealed:
- No legitimate UK business address
- Unreachable contact details and inactive websites
- A director, Stibich Martins Yhaicha Luzia, who never cooperated and used a residential address without permission
- Company registration fees were paid from a Chinese bank account
The company was wound up in the High Court in Manchester on 28 April 2025. So far, over £15,000 in losses have been reported—but the actual amount may be far higher.
Key Takeaway for You:
Be extra cautious when dealing with online crypto platforms, especially those offering high returns with little transparency. Always verify:
- Company registration (and address legitimacy)
- Director history and background
- Contact availability and website functionality
- User reviews from verified platforms
If you suspect a scam or have lost money in a similar way, report it to Action Fraud (UK) or your local financial crimes authority.
