UK SFO Investigates Potential $28M Fraud in Basis Markets Crypto Scheme

The UK’s Serious Fraud Office (SFO) has launched its first major investigation into the Basis Markets cryptocurrency fraud, a scheme that defrauded investors of around $28 million through NFT sales and fundraising in 2021. Raids in London and West Yorkshire led to two arrests on suspicion of fraud and money laundering. SFO’s inaugural crypto fraud [.] Source:.
https://bitcoinethereumnews.com/crypto/uk-sfo-investigates-potential-28m-fraud-in-basis-markets-crypto-scheme/