UK Court Orders Crypto Exchange to Shut Down After Clients Lose $2M

[Tnoy30]

The U.K. High Court has ordered crypto exchange GPay to be “wound up in the public interest.”

In a statement Tuesday, the U.K. government said 108 clients had lost a total of just under £1.5 million ($1.9 million) using GPay.
Although clients could deposit without completing know-your-customer (KYC) processes, GPay requested various identification documents to prevent clients from withdrawing funds.
Read on: https://www.coindesk.com/uk-court-orders-crypto-exchange-to-shut-down-after-clients-lose-2m