On February 14, the UK Revenue Office seized three NFTs in its investigation into VAT fraud involving 250 suspected counterfeit companies. Three people have been arrested for allegedly trying to defraud £1.4 million, HMRC said.
According to the agency, this is the first NFT seizure by UK law enforcement. Currently, the HMRC has seized approximately £5,000 worth of cryptocurrency assets seized during the investigation and three digital artwork NFTs that have not yet been valued.