NFT Scammers Face Troubles in UK: Modern Ponzi Schemes at Work

Finally, UK authorities start hunting NFT based fraudulent companies. About 250 firms have taken part in the virtual scam activities. Maybe trillions of NFTs were being seized by the internal affairs authorities. According to PC Gamer, around 1.4 million pounds of tax fraud has pushed the cybersecurity forces to arrest three suspected people. BBC also reports that UK’s tax authority seized three NFTs as an element of exploration.

Police force takes legal action over policy requiring new officers to have a degree

This is so clear that UK cyber police is keeping an eye on the NFT activities as that field is crowded by billions of physical money. Witness the best picked GPUs for mining. Anyway, taxing is the main reason to investigate the virtual world of tokens.