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UK fraud office launches probe into US$28 million crypto scheme collapse
The Serious Fraud Office (SFO) in the UK announced on 20 November 2025 that it has launched an investigation into the collapse of a crypto scheme that raised around US$28 million via NFT fundraises and hedge-fund structures. Authorities have arrested two men on suspicion of fraud and money-laundering in what is the SFO’s first major crypto-asset investigation.
The inquiry highlights increasing regulatory scrutiny of crypto markets and tightens compliance risk for firms with treasury exposures tied to digital-asset holdings.
Tags:
- crypto
- regulation
Reuters• By Pooja Kumari
Explore:Mutual Fund Themes
negative
UK fraud office launches probe into US$28 million crypto scheme collapse
The Serious Fraud Office (SFO) in the UK announced on 20 November 2025 that it has launched an investigation into the collapse of a crypto scheme that raised around US$28 million via NFT fundraises and hedge-fund structures. Authorities have arrested two men on suspicion of fraud and money-laundering in what is the SFO’s first major crypto-asset investigation.
The inquiry highlights increasing regulatory scrutiny of crypto markets and tightens compliance risk for firms with treasury exposures tied to digital-asset holdings.
Tags:
- crypto
- regulation
Reuters• By Pooja Kumari
Explore:Mutual Fund Themes
1 min read
78 words
UK’s SFO opens investigation into US$28 million crypto collapse involving NFTs and hedge-fund structures on 20 Nov 2025.
The Serious Fraud Office (SFO) in the UK announced on 20 November 2025 that it has launched an investigation into the collapse of a crypto scheme that raised around US$28 million via NFT fundraises and hedge-fund structures. Authorities have arrested two men on suspicion of fraud and money-laundering in what is the SFO’s first major crypto-asset investigation.
The inquiry highlights increasing regulatory scrutiny of crypto markets and tightens compliance risk for firms with treasury exposures tied to digital-asset holdings.
The Serious Fraud Office (SFO) in the UK announced on 20 November 2025 that it has launched an investigation into the collapse of a crypto scheme that raised around US$28 million via NFT fundraises and hedge-fund structures. Authorities have arrested two men on suspicion of fraud and money-laundering in what is the SFO’s first major crypto-asset investigation.
The inquiry highlights increasing regulatory scrutiny of crypto markets and tightens compliance risk for firms with treasury exposures tied to digital-asset holdings.
Tags:
- crypto
- regulation
- crypto
- regulation
- fraud
- UK
- investigation