UK SFO freezes over £11K in cryptocurrency assets belonging to CEO of the collapsed Arena TV, marking its first use of new powers tackling crypto-related fraud

The assets were frozen following a hearing at Westminster Magistrates’ Court and will be held for up to nine months to allow any affected parties to come forward. The ongoing investigation has involved a raid, three arrests, and the search of three properties. Director of Operations Emma Luxton emphasized the SFO’s commitment to using every tool at its disposal to prevent criminals…