The UK Financial Conduct Authority has secured a court order requiring two people involved in a fake crypto investment scam to jointly repay £851,400. The regulator said it plans to return the recovered funds to victims. In the case, at least 65 investors suffered combined losses of £1.54 million, which means the amount recovered so far is roughly half of the total losses. The update was cited by The Block and carried by Odaily as a brief regulatory report. The case centers on a fraudulent crypto investment scheme, with the FCA moving through the courts to recover money from those involved and direct it back to affected investors.
The UK Financial Conduct Authority (FCA) has obtained a court order requiring two people involved in a fake crypto investment scam to jointly repay £851,400. The regulator plans to return the recovered money to victims.
At least 65 investors lost a combined £1.54 million in the case. The amount recovered is about half of the total losses, according to The Block.
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