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UK Tax Regulator Seizes NFTs for First Time as Part of Fraud Investigation

Three people have been arrested for allegedly attempting to defraud HMRC of $1.8 million.

Ni Tanzeel Akhtar
Na-update May 11, 2023, 7:12 p.m. Nailathala Peb 14, 2022, 4:14 p.m. Isinalin ng AI
HMRC

Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax and law enforcement agency, has seized non-fungible tokens (NFTs) and made three arrests as part of a fraud investigation.

  • Three NFTs have been seized during an investigation into a suspected organized, value-added tax repayment fraud involving 250 alleged fake companies, the HMRC said Monday.
  • Three people have been arrested for allegedly attempting to defraud HMRC of $1.8 million using “sophisticated methods.”
  • The suspects hid their identities using stolen identities, false addresses, prepaid unregistered mobile phones, Virtual Private Networks (VPNs) and false invoices, according to the HMRC.
  • HMRC said it is the first law enforcement agency to seize NFTs and warned the public that the arrests are an example and warning to anyone who thinks they can use crypto assets to hide money.
  • “We constantly adapt to new technology to ensure we keep pace with how criminals and evaders look to conceal their assets,” said Nick Sharp, HMRC’s deputy director economic crime, in a press release.
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Read more: UK Tax Regulator Updates Guidance on Staking and DeFi Lending

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Protocol Research: GoPlus Security

Ni CoinDesk Research
Nob 14, 2025
Commissioned byGoPlus
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Ano ang dapat malaman:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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JPMorgan building (Shutterstock)

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