Bitcoin Theft

Six arrests as part of £22million cyber fraud investigation

Six people have been arrested as part of an investigation into the theft of more than £22million worth of cryptocurrency from an estimated four thousand-plus victims worldwide, led by the South West Regional Cyber Crime Unit (SW RCCU) and Dutch police.

The five men and one woman were arrested in simultaneous warrants at 7am this morning (Tuesday, June 25) at their homes in Charlcombe and Lower Weston in Bath, Staverton in Wiltshire, and Amsterdam and Rotterdam in the Netherlands.

The ongoing investigation relates to ‘typosquatting’, where a well-known online cryptocurrency exchange was ‘spoofed’ – or recreated to imitate the genuine site – to gain access to victims’ bitcoin wallets, stealing their funds and login details.