UK Jails Fake-Police Crypto Gang as Regulators Tighten Digital Asset Rules

The Met's Cryptocurrency Team traced blockchain transactions, exchange records, emails, banking records, and internet service provider logs to link the cases. Officers recovered about £1 million directly tied to victim funds, along with roughly £500,000 in cash from a Dubai safety deposit box and luxury goods valued at more than £26,000.

The sentencing comes as UK regulators tighten oversight of digital assets. The Financial Conduct Authority has removed seven crypto ATMs in coordinated operations with the Met. 'There are currently no legally operated crypto ATMs in the UK,' FCA enforcement director Therese Chambers said.

TRM Labs estimated illegal cryptocurrency transactions at $158 billion in 2025, up 145% from the prior year. Chainalysis had put the 2024 figure at $40.9 billion.

The Met said it continues to work with UK and international agencies to identify others involved in the same conspiracy and recover more stolen assets.