The UK Financial Conduct Authority has secured a court order requiring two people involved in a fake crypto investment scam to repay £851,402, according to The Block. The regulator said it intends to return the recovered funds to victims. In total, at least 65 investors lost £1.54 million in the scheme, meaning the amount now being recovered is roughly half of the total losses. The case adds to the FCA’s enforcement actions tied to crypto-related fraud and focuses on returning money to those affected rather than only securing a judgment. The figures cited in the report show both the scale of investor harm and the partial recovery achieved through the court order.
The UK Financial Conduct Authority (FCA) has obtained a court order requiring two people involved in a fake crypto investment scam to repay £851,402, according to The Block.
The FCA said it plans to return the recovered funds to victims. At least 65 investors lost a combined £1.54 million in the case, and the sum being recovered is about half of that total.
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