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BTCC / BTCC Square / Global Cryptocurrency /
UK Police Arrest Three in $20M Crypto Scam Investigation

UK Police Arrest Three in $20M Crypto Scam Investigation

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-09 16:52:02
0

Three men have been arrested in London as part of Operation Galafarm, a Metropolitan Police probe into a cryptocurrency fraud scheme. The suspects allegedly laundered over £15 million ($20 million) through shell companies after luring victims with fake investment opportunities.

Two individuals aged 24 and 36 were detained in Hackney on May 7, while a third suspect surrendered to authorities. All three have been released on bail as investigations continue. The case highlights growing regulatory scrutiny of crypto-related financial crimes in the UK.

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