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The Guardian - UK

Business

Simon Goodley

Serious Fraud Office arrests two men over suspected £20m crypto fraud

United States Crypto SFO Cryptocurrency London West Yorkshire

The Serious Fraud Office said the investigation was the first major cryptocurrency case it had announced. Photograph: Russell Hart/Alamy

The Serious Fraud Office (SFO) has arrested two men as it launched an investigation into a suspected £20m cryptocurrency fraud.

The law enforcement agency raided two sites in West Yorkshire and London as it appealed for information about $28m (£21.4m) invested into a cryptocurrency scheme called Basis Markets.

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