Financial Conduct Authority Raids Exchange Over £1bn Crypto Trading | What You Need to Know

Thursday, 20 June 2024, 21:02
The Financial Conduct Authority conducts a raid on a cryptocurrency exchange trading more than £1bn worth of digital assets. Two individuals arrested and London offices searched, with digital devices seized at City homes. This event raises questions on regulatory oversight and risks in the cryptocurrency market.
Daily Mail
Financial Conduct Authority Raids Exchange Over £1bn Crypto Trading | What You Need to Know

FCA Raid on Cryptocurrency Exchange

The Financial Conduct Authority has conducted a raid on a cryptocurrency exchange trading over £1 billion worth of digital assets.

Arrests and Searches

Two individuals were arrested, and London offices of the exchange were searched by the authorities.

Assets Seized

Several digital devices were seized at homes in the City connected to the suspects.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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