The UK Insolvency Service claimed that GPay is nothing but a “scam” after conducting confidential inquiries.
The UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd.
According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange showed signs of being "nothing but a scam”.
Fake statements abound
The firm, also known previously as XtraderFX and Cryptopoint, advertised its services online and through social media channels.