The club is currently appealing the suspension by Newham Council.
In a statement posted to social media, FOLD have said that “serious accusations” were brought the club and the local licensing committee, resulting in a suspension of their license and an immediate shut down of the venue without a fair trial.
The FOLD team are currently appealing the suspension and are working to remain operational for events taking place this weekend with Radioactive Man, Binh, Sanisbar, Irakli and many more, as well as events taking place over the coming months.
FOLD, which is located above a print factory on an industrial estate between Canning Town and Star Lane, included an audio-visual performance space with a 24-hour license as well as five purpose-built music studios.
Keep an eye the venue’s Facebook page for any updates on this unfortunate situation.