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Insolvency Service reports closure of UK crypto mining firm after international complaints

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Published on: 30 April 2025

Published by LNB News

LNB News 30/04/2025

Document Information

Issue Date: 30 April 2025

Published Date: 30 April 2025

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

Article summary

The Insolvency Service has reported the closure of BTCMining Limited following numerous complaints to Action Fraud from customers in Estonia, Mauritania, Iran, New Zealand, Poland and Romania, who reported paying for crypto mining services they did not receive. The investigation revealed the company used a false UK registered address and its sole director, Stibich Martins Yhaicha Luzia, could not be contacted. Action Fraud complaints indicated that customer losses exceeded the value of £15,000.

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