The United Kingdom has taken decisive action against a dubious cryptocurrency academy owned by Amey, following an order from the High Court on April 30.

The move comes amid allegations that the academy's founder utilised the platform to lure individuals into making investments that resulted in significant losses, including involvement in a supposed $1.7 billion "Ponzi" scheme.

The Insolvency Service, a government body, revealed that Amey Finance Academy was purportedly offering investment advice on various crypto ventures.

Regrettably, misleading guidance from the academy forced some investors to face the total erosion of their funds, entrusting their resources based on overblown promises by the company's primary executive.

Communications uncovered during the investigation show the founder assuring a client of the certainty of their investment, using colloquial affirmations like “100 certy” and “trust me bro" to foster trust.