https://www.youtube.com/watch?v=Df0_Q_CV4GMThe UK government is continuing its crack down on crypto. One guy had an account with £1.5 million in it frozen. I believe it was in a Coinbase wallet. Obviously this is going to increase during the next 12 months, and it emphasises the fact that you should keep your crypto in a secure wallet, and where you are the only person that knows the private key and the seed.
It is quite unfortunate that the clamp down on crypto holders in the UK is getting tensed and I would advise anyone in the UK to trade with caution so they do not get caught in the web since the UK government is strongly clamping down on cryptocurrency.
I was curious to know what transpired because there must have been some possible discovery somewhere, but anyways, I will advise that crypto enthusiasts over there and at large should take the self-custody of their assets very seriously. Third-party exchanges are no longer safe to hold assets anymore as they easily give in to government pressure to disclose assets of their nationals to them. All these happenings should serve as a lesson to everyone in the crypto sphere to take the custody of their assets seriously.