UK Fraud Office Probes $28 Million Cryptocurrency Collapse

UK fraud office probes $36m cryptocurrency collapse

Investigators are urging anyone who has had dealings with Basis Markets to step forward. Read more at straitstimes.com.

UK fraud office probes $28 million cryptocurrency collapse

The UK's Serious Fraud Office said on Thursday it was investigating the collapse of a $28 million cryptocurrency scheme, urging investors to step forward after two men were arrested on suspicion of fraud and money laundering.In its first major crypto investigation, the SFO said Basis Markets had raised  cas

UK Launches $28M Crypto Fraud Investigation Into Basis Markets

The United Kingdom’s Serious Fraud Office has launched an investigation into Basis Markets, a cryptocurrency project that collapsed after raising approximately $28 million. Authorities, supported by the Metropolitan Police and West Yorkshire Police, carried out coordinated raids in Herne Hill, London and near Bradford, arresting two men, one in his thirties and another in his forties, on suspicion of multiple fraud and money laundering offences.…

UK Serious Fraud Office probes $28m crypto hedge fund collapse

The UK’s Serious Fraud Office (SFO) has launched its first major investigation into a cryptocurrency hedge fund, following the collapse of a $28m scheme, highlighting rising scrutiny on crypto-focused alternative investment vehicles, according to a report by Reuters. Basis Markets had raised capital through two public fundraisers in late 2021 by selling non-fungible tokens (NFTs), which it then used to establish a crypto hedge fund targeting ret…

Two Arrested As UK Investigates Alleged $28M Crypto Scam » News.ng

The United Kingdom’s Serious Fraud Office has launched its first major investigation into a cryptocurrency-related scheme, targeting Basis Markets, a project that allegedly siphoned roughly $28 million from unsuspecting investors. Authorities revealed that the probe began with coordinated operations across London and West Yorkshire, marking a significant expansion of the SFO’s focus on digital-asset crime. According to the agency’s announcement,…