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Home Bitcoin News

UK IRS seizes NFTs and cryptocurrencies from suspects for the first timefraud

James by James
February 16, 2022
in Bitcoin News, NFT News
Reading Time: 1 min read
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The cost of NFT has not yet been estimated, the investigation is ongoing.

  • The regulator arrested three people and confiscated three NFTs and $6.8 thousand worth of cryptocurrencies, the BBC writes, citing a statement from the agency. The total amount of damage was $1.9 million.
  • According to the regulator, the suspects created 250 fake companies to avoid paying VAT.
  • The suspects used fictitious and stolen identities, addresses, prepaid unregistered phones, VPNs, and fake accounts to avoid getting caught.
  • According to the agency, it is adapting to new technologies and will monitor market changes to reduce cases of cryptocurrency and NFT fraud.

#news #nft

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James

James

James is a 33-year-old cryptocurrency enthusiast who has been involved in the industry since 2017. He has always been a keen follower of the crypto space and has experience in trading and mining cryptocurrencies. Since then, James has also written numerous articles on the subject and is passionate about sharing his knowledge and insights with others.

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