UK Makes First Major Crypto Arrests in $28 Million Basis Markets Scandal

The UK’s Serious Fraud Office (SFO) made its first major arrests in a cryptocurrency case, detaining two men in London and Bradford over an alleged $28 million fraud linked to the collapse of the Basis Markets scheme. The November 20, 2025, operation marks a pivotal shift in UK crypto enforcement. Authorities are expanding efforts to counter sophisticated digital asset crime. UK SFO Launches Landmark Crypto Investigation The Serious Fraud Office announced the arrests of one man in his thirties in Herne Hill, London, and another in his forties near Bradford source: https://beincrypto.com/uk-crypto-basis-markets-arrests/