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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)
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