Key Coin Assets Ltd presented itself as a crypto-asset investment firm offering guaranteed returns.
The company took in millions of pounds of investors’ money but investors fear they have lost their money.
Many investors put in six figure sums.
Repayments have been repeatedly missed and the company now faces being wound up by the Official Receiver.
Investors have been given a myriad of excuses as to why they have not been paid but communication has now ceased for many.
What Key Coin Assets told Companies House
The accounts suggest that tens of millions of pounds may have been taken in by the company:
| FY2023 | FY2024 | |
|---|---|---|
| Investments (assets) | £59.8m | £75.5m |
| Turnover | £0 | £0 |
| Creditors due within a year | £3.7m | £35m |
| Net assets | £52.5m | £35m |
It is unclear what exactly the £75m stated on the accounts represents.
Not authorised, and now on the FCA’s warning list
Crypto-asset firms have been required to register with the Financial Conduct Authority since January 2021. but there are no public records to suggest Key Coin Assets did register. In September 2024, the FCA formally added Key Coin Assets Ltd to its Warning List, confirming the firm is “not authorised or registered” and warning consumers to avoid dealing with it.
How We Can Help
Richardson Hartley Law has a proven track record of helping investors to recover their money. We can often act under no win, no fee agreements with capped fees.