UK Seizes 83 BTC in Massive Fraud Bust $7.6M Demand Issued

£5,000,000 must be paid within 3 months or 8 years added. This "middleman" laundered 83.7 $BTC for a major fraudster. Funds were cashed out via UAE banks and third parties. The main fraudster got over 11 years. This is part of the UK's largest ever crypto seizure. Over 61,000 $BTC are caught up in civil proceedings. Victims could be compensated. The UK Treasury might get the rest. This is a huge win for crypto regulation.

Disclaimer: This is not financial advice.

#CryptoNews #Bitcoin #Fraud #Seizure 🚨

BTC
BTCUSDT
87,917.8
-1.08%