UK FCA wins court order for crypto fraudsters to repay $1.1M to victims

The UK Financial Conduct Authority has secured a court order requiring two men behind a fake cryptocurrency investment scheme to return a total of 851,402 pounds ($1.13 million) to victims, The Block reported. At least 65 investors lost a combined 1.54 million pounds ($2.04 million) in the scam, and the repayment amount is about half of the total losses.