SFO announces investigation into $28 million crypto scheme
The Serious Fraud Office (SFO) today issued an appeal for investors to come forward with any information they hold about the collapse of a $28 million cryptocurrency scheme called Basis Markets.
The SFO launched an investigation into the suspected fraudulent scheme with two raids in West Yorkshire and London.
Investigators, supported by the Metropolitan Police and West Yorkshire Police, searched properties in Herne Hill and near Bradford, arresting two men, one in his thirties and another in his forties, on suspicion of multiple fraud and money laundering offences.
Basis Markets raised approximately US$28m via two public fundraisers, one in November 2021 via the sale of non-fungible tokens and the…
