Basis Markets
The SFO is investigating suspected offences of fraud and money laundering arising from a failed crypto investment scheme called “Basis Markets”.
In November 2025, the SFO arrested two men in the UK on suspicion of a range of fraud and money laundering offences. This is in relation to an investigation into a suspected fraudulent crypto hedge fund.
Case timeline
20 Nov 2025 – SFO investigation announced. Two individuals arrested in the UK. Public appeal for people who invested in the scheme to contact the SFO.
Information for investors
If you have any information you believe may be of assistance to the SFO during its enquiries, please provide this along with your name, telephone contact details and a brief description to BasisMarkets@sfo.gov.uk.
Updates to this page
Published 20 November 2025