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>>UK Serious Fraud Office probes Basis Markets over alleged $28 million crypto fraud

UK Serious Fraud Office probes Basis Markets over alleged $28 million crypto fraud

crypthub

3 days ago

UK Serious Fraud Office Investigation

The Serious Fraud Office in Britain has opened a fraud probe into Basis Markets, a now‑defunct cryptocurrency hedge fund. Authorities allege the firm misappropriated $28 million from investors by using deceptive NFT and token offerings in late 2021. Two individuals have been taken into custody in connection with the operation, which had marketed low‑risk arbitrage returns before collapsing under regulatory pressure.

UK Serious Fraud Office probes Basis Markets over alleged $28 million crypto fraud

UK Serious Fraud Office Investigation

UK Serious Fraud Office probes Basis Markets over alleged $28 million crypto fraud