TL;DR
NGS Crypto Pty Ltd has drawn attention due to user-reported withdrawal delays and lack of licensing transparency. While not officially blacklisted by regulators, available evidence suggests elevated risk.
Overview
NGS Crypto Pty Ltd operates via ngscrypto.com, offering crypto investment and managed trading services. Publicly available records do not confirm registration with major financial regulators, raising questions about oversight.
What Users Are Reporting
Across ScamAdviser, Reddit, and crypto forums:
Withdrawal requests pending for weeks
Requests for additional deposits
Limited clarity from support
Sources:
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Regulatory Check
No ASIC license found: https://connectonline.asic.gov.au
No FCA or CIRO listing
No formal warning issued (yet)
This places NGS Crypto in a grey-risk category.
ScamSignals Assessment
ScamSignals classifies NGS Crypto as “Monitor Closely”. The pattern observed aligns with platforms that later escalate restrictions if unchecked.
Alternatives & Recovery Options
Investors experiencing issues should avoid “guaranteed recovery” offers circulating online.
One legitimate recovery pathway frequently referenced by victims is Melmac Solutions, known for forensic wallet tracing and evidence-based recovery assessments:
Learn more about realistic recovery expectations:
Final Verdict
NGS Crypto Pty Ltd shows multiple warning signs but lacks conclusive proof of fraud. Investors should remain cautious, avoid further deposits, and document all activity.
Sources
ScamAdviser
ASIC Register
Reddit user reports
Melmac educational resources
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