Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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London police bust $1.3 million crypto scam, arrest five men
2025-10-16 22:36

According to Odaily Planet Daily, London's Metropolitan Police have arrested five men aged between 21 and 37 on suspicion of defrauding over $1.3 million through fake cryptocurrency investment websites. Police say the network potentially lured thousands of victims worldwide. The investigation revealed that the suspects operated a "call room" that used fake trading platforms and celebrity endorsements to lure victims into investing in fictitious token projects.