PANews reported on November 30th that, according to Catenaa, the UK's Serious Fraud Office (SFO) has launched an investigation into the cryptocurrency scam Basis Markets. Basis Markets raised approximately $28 million in late 2021 through NFT sales and cryptocurrency hedge funds. With the support of the Metropolitan Police and West Yorkshire Police, the SFO arrested two men, aged in their 30s and 40s, on multiple charges of fraud and money laundering. Investigators are appealing to informed investors to come forward and assist with the investigation.