UK Tax Authority Seizes 3 NFTs in $1.8 Million USD Fraud Investigation

HM Revenue and Customs (HMRC), the UK tax authority, have seized 3 NFTs as part of a larger VAT fraud investigation that involved 250 alleged fake companies, BBC reported. Three people have already been arrested on suspicion of attempting to defraud HMRC of £1.4 million ($1.9 million USD).HMRC said that the suspects used "sophisticated methods" to hide their identities, such as false addresses and identities and pre-paid cell phones.In a first for UK law enforcement, authorities secured a court...