Criminals tricked a victim into entering details on a fake site, leading to theft.
Police say the scam exploited fear and urgency to gain wallet access.
North Wales Police has issued a warning to cryptocurrency
holders after a victim lost £2.1 million in Bitcoin to what the force described
as a “sophisticated” scam.
The warning comes at a time when Bitcoin has been under
pressure in the market, with BTC/USD trending lower on the H1 chart along a
descending trend line. The price appears to have found horizontal support
around 112,800. A breakout below this level could add to downside momentum,
while a bullish breakout above the trend line may attract intraday buyers.
Bitcoin Stolen via Fake Police Website
According to police, the criminals posed as senior UK
officers and told the victim a false story about a security breach. The victim
was informed that an arrested individual’s phone contained personal
identification documents linked to them.
The scammers urged the victim to “secure their assets” by
logging in through a provided link. The link led to a fake website. Believing
it was genuine, the victim entered their password, as BBC reported.
Police said this allowed the criminals to access the wallet
and steal the Bitcoin within moments.
The force believes the victim may have been identified
through a data breach, making the case highly targeted. Officers described the
scam as an example of social engineering, designed to exploit fear and urgency.
North Wales Police said the theft highlights a disturbing
new trend in which fraudsters use increasingly advanced methods to trick even
careful holders.
The force confirmed it is working to trace the stolen funds
but warned that the case shows how quickly scams can unfold. It has urged the
public to remain cautious, trust their instincts, and follow its published
guidance to reduce the risk of similar attacks.
BTC Faces Volatility Amid Profit-Taking Pressure
Ryan Lee, Chief Analyst at Bitget, expects Bitcoin
to consolidate between $112K and $118K as profit-taking and cautious
sentiment influence the market. Rising leverage in futures increases
volatility, leaving BTC vulnerable to sharp swings.
Lee noted that macro factors, including Federal Reserve
decisions, could affect price direction. Overall, the market balances optimism
for potential rebounds with the risk of further corrections, reflecting both
structural demand and heightened speculative exposure.
North Wales Police has issued a warning to cryptocurrency
holders after a victim lost £2.1 million in Bitcoin to what the force described
as a “sophisticated” scam.
The warning comes at a time when Bitcoin has been under
pressure in the market, with BTC/USD trending lower on the H1 chart along a
descending trend line. The price appears to have found horizontal support
around 112,800. A breakout below this level could add to downside momentum,
while a bullish breakout above the trend line may attract intraday buyers.
Bitcoin Stolen via Fake Police Website
According to police, the criminals posed as senior UK
officers and told the victim a false story about a security breach. The victim
was informed that an arrested individual’s phone contained personal
identification documents linked to them.
The scammers urged the victim to “secure their assets” by
logging in through a provided link. The link led to a fake website. Believing
it was genuine, the victim entered their password, as BBC reported.
Police said this allowed the criminals to access the wallet
and steal the Bitcoin within moments.
The force believes the victim may have been identified
through a data breach, making the case highly targeted. Officers described the
scam as an example of social engineering, designed to exploit fear and urgency.
North Wales Police said the theft highlights a disturbing
new trend in which fraudsters use increasingly advanced methods to trick even
careful holders.
The force confirmed it is working to trace the stolen funds
but warned that the case shows how quickly scams can unfold. It has urged the
public to remain cautious, trust their instincts, and follow its published
guidance to reduce the risk of similar attacks.
BTC Faces Volatility Amid Profit-Taking Pressure
Ryan Lee, Chief Analyst at Bitget, expects Bitcoin
to consolidate between $112K and $118K as profit-taking and cautious
sentiment influence the market. Rising leverage in futures increases
volatility, leaving BTC vulnerable to sharp swings.
Lee noted that macro factors, including Federal Reserve
decisions, could affect price direction. Overall, the market balances optimism
for potential rebounds with the risk of further corrections, reflecting both
structural demand and heightened speculative exposure.
Why Bitcoin Is Going Down Today? BTC Price Falls 4 Days Straight and Targets 2025 Lows at $74K
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
