Crypto firm tied to UK politics disappeared with investor cash
Phoenix Community Capital was once rumored to be worth $800M and claimed it would make back investors’ money in 45 days.
Cryptocurrency news by Protos · Protos
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Show Notes
A UK crypto firm that disappeared, leaving 8,000 investors, including a Premier League footballer, locked out of their investments, has ignited fierce debate around the issue of corporate lobbying in UK politics.
Phoenix Community Capital was at one point rumored to be worth $800 million and offered its customers investments that would supposedly make them their money back in 45 days.
However, as The Guardian reports, the firm vanished in 2022, locking an estimated 8,000 investors out of their funds.
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