Close Menu
Cryprovideos
    What's Hot

    BNB Coils For Impression: Will $670 Crack Underneath Stress?

    June 3, 2025

    Ethereum's Buterin Acknowledges Key Bitcoin Benefit

    June 3, 2025

    Morgan Stanley Says Inventory Market Has Priced in Tariff Finest-Case Situation, Warns Stagflation Situation Looming for Magnificent 7 Companies – The Day by day Hodl

    June 3, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»UK Police Arrest Three in $20M Crypto Rip-off Investigation – Decrypt
    UK Police Arrest Three in M Crypto Rip-off Investigation – Decrypt
    Crypto News

    UK Police Arrest Three in $20M Crypto Rip-off Investigation – Decrypt

    By Crypto EditorMay 10, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    UK Police Arrest Three in $20M Crypto Rip-off Investigation – Decrypt

    Three males have been arrested as a part of an operation investigating a crypto rip-off within the UK, led by the Metropolitan Police’s Financial Crime Command.

    A spokesperson for the Met instructed Decrypt that the trio have been detained as a part of Operation Galafarm, a long-running investigation into crypto fraud that noticed members of the general public focused with pretend funding alternatives.

    “It’s alleged greater than £15m ($20m) in stolen funds was laundered by way of a set of shell corporations,” the spokesperson instructed Decrypt.

    Search warrants have been executed at six addresses throughout the capital, and two males aged 24 and 36 have been detained in Hackney, east London, on Could 7.

    A 36-year-old man later handed himself into detectives—and all three have since been bailed pending additional enquiries.

    Crypto crime within the UK

    Regulation enforcement companies within the UK have been stepping up their efforts towards crypto crime in recent times.

    The federal government has granted police forces, in addition to the Nationwide Crime Company, higher powers to “seize, freeze and destroy” digital belongings utilized by criminals.

    In the meantime, NCA estimates point out that illicit crypto transactions price as much as $5.1 billion are linked to the UK yearly.

    Information from Arkham Intelligence suggests the British authorities at present holds greater than 61,000 BTC seized from criminals, which is now price in extra of $6.1 billion after the cryptocurrency returned to six-figure territory earlier this week.

    However final week, the Financial Secretary to the Treasury confirmed the UK has no plans to observe in Donald Trump’s footsteps by making a strategic Bitcoin reserve.

    Emma Reynolds MP instructed the Monetary Occasions Digital Asset Summit: “We do not assume that is applicable for our market. We perceive that’s what the U.S. goes for, however that’s not the plan for us.”

    The federal government has confronted questions over why it hasn’t bought any of the Bitcoin in its custody to bolster the general public funds—at a time when a collection of controversial welfare cuts, together with on winter gasoline funds given to pensioners, are being made.

    Every day Debrief E-newsletter

    Begin every single day with the highest information tales proper now, plus unique options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto ATMs Below Hearth: Australia Cracks Down Amid Rip-off Surge

    June 3, 2025

    Prime Crypto to Purchase Proper Now: Web3 ai, Web Pc, Solana, and Filecoin Have the Edge

    June 3, 2025

    Casey Rodarmor Joins Parker Day To Launch A Bitcoin NFT Collection

    June 3, 2025

    Why MIND of Pepe Might Be the Subsequent Huge AI Crypto Following At the moment's Alternate Launch: Get In Earlier than It Explodes! – CryptoDnes EN

    June 3, 2025
    Latest Posts

    Ethereum's Buterin Acknowledges Key Bitcoin Benefit

    June 3, 2025

    How Technique (MSTR) Constructed Their Capital Stack To Speed up Bitcoin Accumulation

    June 3, 2025

    Casey Rodarmor Joins Parker Day To Launch A Bitcoin NFT Collection

    June 3, 2025

    Coinbase Hit With $429 Million Bitcoin From BlackRock, Ripple Makes Huge Transfers as XRP Celebrates thirteenth Birthday, Saylor’s Technique Makes New BTC Purchase: Crypto Information Digest by U.At present

    June 3, 2025

    Below-the-Radar Inventory Explodes 150% in One Day After Firm Proclaims Bitcoin Treasury Plans – The Every day Hodl

    June 3, 2025

    Binance founder CZ warns of Bitcoin treasury dangers amid rising adoption

    June 3, 2025

    Canadian Firm SolarBank Adopts Bitcoin Treasury Technique

    June 3, 2025

    Head And Shoulders Sample Says Bitcoin Worth Is Headed Down Towards $95,000 | Bitcoinist.com

    June 3, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    New Crypto Meme Index Launches Presale For MEMEX Token – Subsequent 10X Meme Coin?

    December 25, 2024

    Coinbase strongly recommends cloud mining platform – RIPPLECOIN Mining, simply earn $5,170 a day

    May 27, 2025

    Solana-Targeted Advocacy Group Headed by Former DeFi Lobbyist Debuts – Decrypt

    March 31, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.