According to Protos, a group in the UK disguised themselves as police officers and created a fake police website, convincing cryptocurrency holders to transfer funds to so-called "secure accounts" through phone calls, stealing $5.4 million worth of cryptocurrency. They were sentenced this week. Hamza Bashir, Kevin Nwamma, and Anthony Ikenwe were sentenced to six years and nine months, eleven years, and eleven years in prison, respectively. The stolen funds were used to purchase a £ 60000 car, vacation itineraries, and branded goods such as Harold, Hermes, Louis Vuitton, Rolex, etc. The police found £ 500000 in cash in the safe and determined that most of the stolen cryptocurrency was converted into payment cards. The gang members falsely reported their annual income, with one person only declaring £ 444.
