UK Makes First Major Crypto Arrests in $28 Million Basis Markets Scandal

UK SFO Basis Markets. Photo by BeInCrypto The UK's Serious Fraud Office (SFO) made its first major arrests in a cryptocurrency case, detaining two men in London and Bradford over an alleged $28 million fraud linked to the collapse of the Basis Markets scheme. The November 20, 2025, operation marks a pivotal shift in UK crypto enforcement. Authorities are expanding efforts to counter sophisticated digital asset crime. UK SFO Launches Landmark Crypto Investigation The Serious Fraud Office announced the ar ...