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Crypto Exchange Kraken Helps UK Police Return $2 Million to Scam Victims
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Crypto exchange Kraken has partnered with the UK’s South East Regional Organised Crime Unit (SEROCU) to return nearly £2 million ($2.4 million) worth of stolen crypto to victims of a scam.
Following the arrest of 40-year-old Dutch national Wybo Wiersma, who illicitly transferred IOTA tokens using a fraudulent website designed to generate fake seed phrases, SEROCU seized £2.37 million in crypto.
It is the first time the Proceeds of Crime Act has been used to make such a crypto exchange seizure in the UK, a recent announcement from SEROCU said.
SEROCU also shared the news of the upcoming repayment on X, along with a picture of the now-sentenced Wiersma:
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