UK Fraud Office Makes First Major Crypto Arrests in $28M Basis Markets Collapse

The UK’s Serious Fraud Office (SFO) has made its first major criminal enforcement move against crypto-related fraud, arresting two men in London and Bradford on November 20, 2025. The arrests are tied to the suspected $28 million rug pull carried out by the now-defunct venture Basis Markets, which abruptly collapsed after raising millions from investors. source: https://www.ethnews.com/uk-fraud-office-makes-first-major-crypto-arrests-in-28m-basis-markets-collapse/