The Federal Court of Australia has ordered the liquidation of blockchain mining companies NGS Group and NGS Crypto for operating without a license and running unregistered investment schemes. The court's decision affects over 450 investors and involves approximately AUD 59 million. The companies have been permanently banned from providing financial services. The court highlighted severe violations of the Corporations Act and noted a lack of credible management of investor assets, with some funds sourced from self-managed superannuation funds (SMSF), increasing the risk.