The Insolvency Service investigated complaints made to Action Fraud from people in Estonia, Mauritania, Iran, New Zealand, Poland and Romania.
BTCMining Limited operated a cryptoasset mining business, but customers say they took payments for services they did not receive.
Insolvency Service investigation was the result of complaints made to Action Fraud from people as far away as New Zealand.
The company was subject to a winding up hearing at the High Court in Manchester on 29 April 2025.
A cryptoasset business registered in the UK has been shut down after people from multiple countries said they paid for crypto mining services but did not receive the promised financial returns and were unable to withdraw their assets.
BTCMining Limited claimed to operate a cryptoasset mining business, where customers would pay the company to mine crypto and receive any resulting income.
However, Action Fraud received complaints from people in Estonia, Mauritania, Iran, New Zealand, Poland and Romania claiming they did not receive the 'mining' service or their assets and had been subject to further payment demands.
The investigation also found that the company did not have a legitimate registered address anywhere in the UK.
BTCMining Limited was shut down following a hearing at the High Court in Manchester on 28 April 2025.
Insolvency Service Chief Investigator, David Usher said:
The fact that BTCMining Limited was attracting customers globally makes our intervention particularly important.
We acted on the complaints before their reach could have affected countless more individuals.
It's vital that the public, both here in the UK and abroad, are protected from companies acting in this way.
Investigators were unable to reach BTCMining Limited using known email addresses and telephone numbers, and websites linked to the company were either inactive or gave no new
