According to Reuters, British sprinter and former world champion Chijindu Ujah was arrested on suspicion of cryptocurrency fraud and released on bail. Ujah is among 10 people detained by the UK’s National Crime Agency; seven were granted bail by magistrates and will appear in court on May 28, all facing charges of conspiracy to commit fraud.
Police said the suspects belong to an organized crime group allegedly conducting phone scams by impersonating police officers and cryptocurrency company employees to trick victims into disclosing security information, including recovery phrases, to steal funds from their crypto wallets. One victim reportedly lost over 300,000 British pounds (approximately $410,000).
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