Woofun AI reports that a UK-based criminal group was sentenced this week for orchestrating a $5.4 million cryptocurrency theft scheme involving police impersonation. The gang operated a fraudulent website and convinced victims to transfer assets to "safe accounts" via telephone. 23-year-old Hamza Bashir, 25-year-old Kevin Nwamma, and 29-year-old Anthony Ikenwe received prison terms of six years and nine months, eleven years, and eleven years, respectively.

Investigations revealed the stolen proceeds were used to purchase a £60,000 car, vacation trips to Thailand and Japan, and products from brands such as Harrods, Hermès, Louis Vuitton, and Rolex. The police also discovered £500,000 in cash in a safe and determined that most of the stolen cryptocurrency had been converted into payment cards. The Metropolitan Police began investigating the gang after receiving reports from victims in January 2025.