Impostors of Blockchain.com nabbed and jailed in £5m crypto scam

Authorities Arrest Two Men for Stealing Cryptocurrencies in the UK

UK authorities have arrested two individuals for stealing cryptocurrencies worth £5.7m from victims globally. James Heppel and Jake Lee have been charged with fraud for defrauding cryptocurrency investors using a fake version of Blockchain.com to steal their funds.

Investigation Uncovers Cryptocurrency Scam Involving Bitcoin Theft

An investigation into the cryptocurrency scam revealed that Lee and his associate were involved in robbing a Wiltshire resident of £11,000 worth of Bitcoin. The recovery of electronic devices from Lee led to the connection of the scam to the accused individuals.

Legal Proceedings and Recovery of Cryptocurrency and Assets

Lee and Heppel have admitted guilt to the charges, with Lee facing a 4-year jail term and Heppel receiving a 15-month sentence. A confiscation order of £1 million has been issued against Lee, with significant amounts of cryptocurrency, cash, and assets already recovered.

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