Two arrested over 'running illegal £1bn cryptocurrency exchange' in London

June 20, 2024

"The Financial Conduct Authority (FCA) searched the London offices of the suspects, while the Metropolitan Police seized digital devices from two residential properties in the capital. More than £1bn worth of unregistered crypto assets are believed to have been bought and sold through the exchange....The arrests follow a recent global crackdown on crypto companies after the collapse of some of the biggest firms in the sector, leading to millions of people losing money they had invested in cryptocurrencies...."

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