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UK Fraud Office Makes First Major Crypto Arrests in $28M Basis Markets Rug Pull
Yahoo Finance· 2025-11-21 17:27
The United Kingdom’s Serious Fraud Office (SFO) has made its first major move into crypto enforcement, arresting two men allegedly tied to the $28 million collapse of Basis Markets, a decentralized hedge-fund project that vanished along with investor money in 2022. Key Takeaways: The UK SFO made its first major crypto enforcement move by arresting two men linked to the $28M Basis Markets collapse. Basis Markets raised over $28M through NFTs and tokens before diverting funds to personal wallets. The p ...