UK authorities have shut down Amey Finance Academy, a crypto advisory firm, accusing its founder of luring people into loss-making investment schemes, including a suspected $1.7 billion crypto Ponzi. The Insolvency Service claims that the firm's director misled customers about the risks involved in crypto investments. Some clients lost their entire investments following the firm's advice. The firm promoted HyperFund, later known as HyperVerse, an alleged Ponzi scheme. The Insolvency Service was unable to establish the true relationship between Amey Finance Academy and HyperVerse due to a lack of accounting records.