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UK fraud probe into Basis Markets crypto scheme leads to two arrests

By Martin Coyle ( November 20, 2025, 16:45 GMT | Insight) -- The circumstances around the collapse of $28 million cryptocurrency scheme Basis Markets has seen two men arrested as part of a probe by the UK's Serious Fraud Office. Basis Markets raised millions of dollars from investors, but in June 2022 they were informed that, due to proposed new US regulations, the project had been halted.The circumstances around the collapse of cryptocurrency scheme Basis Markets has seen two men arrested as part of a probe by the UK's Serious Fraud Office....

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