cryptonews: A crypto investment firm with ties to a pair of U.K. parliamentary groups appears to have vanished, leaving investors out tens of thousands of pounds. 👀
A crypto investment firm with ties to a pair of U.K. parliamentary groups appears to have vanished, leaving investors out tens of thousands of pounds.
Phoenix Community Capital used the tagline "Rise from the ashes of traditional finance," and promised "large scale, high-yield return on investments" to investors who bought its FIRE tokens, according to its website. Those tokens were placed in reward-bearing "nests" that used "trusted and experienced advisors who research new trends and opportunities for the community investment portfolio.
PCC was a sponsor of the APPG on blockchain, giving £5,000 in 2022. Its co-founder, Luke Sullivan, spoke at several events during Metaverse Week for the APPG on metaverse and Web 3.0. The former is run by an MP and the latter by a member of the House of Lords.
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