-
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 cash from two public fundraisers in late 2021 by selling non-fungible tokens and used the funds to create a crypto hedge fund. In June 2022, investors were told that the project was being scuppered by proposed new U.S. regulations, the SFO noted. The SFO was not immediately able to provide further details. SFO ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From cointelegraph.com | Nov 20, 2025
The co-founders of privacy-focused Bitcoin wallet Samourai Wallet were sentenced to four and five years in prison Wednesday, setting an important precedent as privacy development makes a comeback in crypto. Keonne Rodriguez and William Lonergan Hill were sentenced on Wednesday for conspiring to operate an unlicensed money-transmitting business and for ...
From decrypt.co | Nov 20, 2025
A New York judge on Wednesday sentenced Samourai Wallet co-founder William Lonergan Hill to four years in prison, the second conviction in a case crypto advocates say threatens software development freedom. Judge Denise L. Cote sentenced the 67-year-old developer to three years of supervised release and imposed a $250,000 fine, according to a statement by ...
Total nonfarm payroll employment edged up by 119,000 in September but has shown little change since April, the U.S. Bureau of Labor Statistics reported today. The unemployment rate, at 4.4 percent, changed little in September. Employment continued to trend up in health care, food services and drinking places, and social assistance. Job losses occurred in ...
