UK regulator confiscates NFT for the first time
The UK's HM Revenue & Customs has seized £5,000 worth of cryptocurrencies and three non-exchangeable tokens as part of a £1.4 million fraud investigation.
British police arrested three people on suspicion of cryptocurrency fraud. HM Revenue & Customs (HMRC) said the defendants used sophisticated methods in an attempt to conceal their identities. They used false information, stolen identities and unregistered mobile numbers, as well as virtual private networks (VPNs). Using this data, the fraudsters are believed to have registered about 250 fictitious firms with fake accounts to create the appearance of legitimate business activity.
The total damage caused by the fraudsters is estimated at £1.4m.
