UK Police Arrest Two Men in Cryptocurrency Fraud Case

According to BlockBeats, UK authorities have arrested and charged two men in connection with a cryptocurrency scam targeting a 75-year-old retiree from Aberdeenshire. The victim reportedly suffered a six-figure financial loss due to the fraud.

The case was reported in July 2024, prompting an investigation by the Northeast Division of the Scottish Police, in collaboration with West Midlands Police and South Yorkshire Police. A 54-year-old man was apprehended in Coventry, while a 36-year-old man was arrested in Mexborough. Both individuals were charged on the day of their arrest