In brief
- Five men aged between 21 and 37 were arrested on Oct. 1 on suspicion of conspiracy to commit fraud.
- Police say victims may have lost more than a million pounds (£1 million / approx. $1.3 million) through the fake cryptocurrency schemes.
- The suspects have been bailed pending further enquiries as the investigation continues.
The London Metropolitan Police have arrested five men in connection with a cryptocurrency investment scam that detectives say used fake online trading platforms to lure in potentially thousands of victims worldwide.
“These websites are highly convincing and use professional-looking content, fake endorsements and aggressive marketing tactics to lure people in,” said Detective Sergeant Stephen Bourne of the…
Oct 16 2025
