"The Financial Conduct Authority (FCA) searched the London offices of the suspects, while the Metropolitan Police seized digital devices from two residential properties in the capital. More than £1bn worth of unregistered crypto assets are believed to have been bought and sold through the exchange....The arrests follow a recent global crackdown on crypto companies after the collapse of some of the biggest firms in the sector, leading to millions of people losing money they had invested in cryptocurrencies...."
