The UK Serious Fraud Office has launched a fraud investigation into Basis Markets, a defunct crypto hedge fund accused of misappropriating $28 million from investors through misleading NFT and token sales in late 2021. Two men have been arrested in connection with the scheme, which promised low-risk yields via arbitrage strategies but collapsed amid regulatory […]
Source: https://en.coinotag.com/uk-serious-fraud-office-investigates-basis-markets-over-alleged-28m-crypto-fraud
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