Legal News

Company wound up by courts after falsely claiming entrepreneur support

Published on: 30 June 2020
Published by LNB News

LNB News 30/06/2020

Document Information

Issue Date: 30 June 2020

Published Date: 30 June 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Insolvency Service has revealed that an online cryptocurrency trading platform has been shut down by courts. According to the Insolvency Service, the company GPay Ltd, which traded as XtraderFX and formerly as Cryptopoint, was wound up in the High Court in the public interest after it falsely claimed support from high-profile entrepreneurs. The Official Receiver has been appointed as liquidator of the company.

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