Over £4 million has been returned to rightful owners following an international cryptocurrency scam that was rumbled by Greater Manchester Police.
It’s come after a sum of $22.25 million (which is equivalent to just over £16 million) was seized by specialist officers from Greater Manchester Police’s Economic Crime Unit in July 2021, when intelligence led to the discovery of USB sticks containing huge amounts of Ethereum – the second largest Crypto-currency after BitCoin.
A total of 150 victims from all over the world contacted officers in the unit following the scam-bust, which GMP says saw millions invested in a fake savings and trading service.
Over £4 million has now been returned to 23 verified victims, and another 127 reported claims are currently being investigated by officers alongside partners in international law enforcement across the globe.
Victims based in the UK, United States, Europe, China, Australia and Hong Kong had deposited money, including life savings, into what they thought was an online savings and trading service using Binance Smart Chain – which stores and records transactions made in crypto-currency confirming their movement and value.
The scammers operating the service waited until a significant amount of money had been deposited, before shutting down their website and transferring the funds into their own accounts.
Unfortunately for them, the scammers did not disappear without trace.
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Specialist officers received intelligence that those running the scheme had been in Manchester for a limited time and tracked them down, and
Officers first recovered an encrypted USB stick containing $9.5 million of stolen Ethereum, and they found a further $12.7million a few days later after locating a Cryptograph safety deposit box – which is effectively an online safe – and the code to access it.
A 23-year-old male and a 25-year-old female were arrested for fraud and money laundering offences, but they have since been released under investigation pending further enquiries.
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It’s not over yet either, as another £7 million still needs to be claimed by rightful owners.
$22.25 million was seized by specialist officers from Greater Manchester Police’s Economic Crime Unit in July 2021 / Credit: GMP
Speaking on the return of the funds, and issuing a warning on cryptocurreny services, Detective Chief Inspector Joe Harrop – from GMP’s Economic and Cyber Crime Unit – said: “Anyone involved in these cryptocurrency and trading services are urged to take extreme caution and do a lot of research as there are still huge risks.
“Online currency and trading is incredibly technical and need in-depth knowledge in order to make sure your money is safe.
“If it seems too good to be true, it probably is.
“Thankfully, we’ve returned over four million pounds to 23 individual victims and we’re continuing to work through a large number of other reported claims where we can hopefully return even more money [but] we believe there may still be victims out there from all over the world who are owed some of this money we rumbled half a year ago.”
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Anyone who thinks they may be affected by this particular scam should get in touch with GMP on [email protected] with the following details:
The name of the savings and trading service invested in
The name of the law enforcement you reported the crime to, and officer details
Wallet addresses and documentation to prove ownership
A documentary about Manchester’s famous homeless charity run has just dropped on YouTube
Danny Jones
An award-winning, short, and completely free documentary about Manchester’s famous annual homeless charity run is now available to watch in its entirety on YouTube.
Following a number of short snippets and teasers shared on social media over the last few months, the mini-doc by local moviemaker Gigi Shum was finally released on the streaming platform this past June.
Documenting not only the backstory of the inspiring Manchester 24 Hour Run Against Homelessness – now a much-loved annual tradition that has since spread to multiple other locations – it also gives a peek behind the curtain at those who organise it and the thousands of inspirational participants.
You can watch one of the most recent trailers here.
Capturing the sixth edition of the consecutive relay run, which spans the length of an entire day (which was another record-breaking year before being smashed in November 2025), Shum didn’t shy away from getting some laps done herself, but she also managed to shoot a truly important public access film.
A trail runner herself with a number of other works to her name already, including a well-supported Kickstarter revolving around neurodiversity, Gigi prides herself on “exploring the neglected truth in the world” through touching tales like The 24 Hour Run.
The adopted Manc and MetFilm School graduate’s roots may hail from Hong Kong, but she’s well and truly immersed and embedded herself in the Greater Manchester community through spotlighting local initiatives like this.
More importantly, this is much more than a student project: the bitesize 21:22 picture has been nominated and won at numerous festivals across the globe, including shortlists like the Florence Film Awards, a finalist in both the Independent Shorts and LEEDSflix competitions, among several others.
Aside from the obvious humanitarian and charitable angle of The 24 Hour Run‘s narrative, the talking heads with members of the team and numerous inspiring runners taking on incredible challenges on behalf of the ‘A Bed Every Night’ scheme make you proud to be from this part of the world.
You can watch it in full down below.
About the same run-time as most sitcom episodes – we’d argue this is a well more worthwhile watch.
Deeply moving stuff, we’re sure you’ll agree.
It’s also worth mentioning that the young director and producer is doing lots more to contribute to the region, helping out as part of the Manchester Refugee Support Network (MRSN), supporting asylum seekers who may otherwise end up sleeping rough themselves.
They’ve raised hundreds of thousands for the likes of the Greater Manchester Mayor’s Charity since the event’s inception back in 2019. Mayor Andy Burnham himself may be looking toward no.10 Downing Street moving forward, but fundraising on behalf of this organisation will always be a part of his legacy.
Better still, this dedicated crew of volunteers have also generated vital funds for similar causes in the likes of Birmingham, Leeds, Sheffield, Hereford, and soon to be even more.
Set to debut in Liverpool later this year, another city renowned for backing themselves and looking after their own, we can’t wait to see how much more impact they make on the North West.
Featured Images — The MCR 24 Hour Run Against Homelessness (supplied)
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Transformational plans set to be approved for ‘major’ new Manchester city centre park
Emily Sergeant
‘Transformational’ plans to regenerate an underused Manchester city centre site are set to be approved next week.
Following ‘overwhelming’ public support for proposals set out in a public consultation earlier this year – where more than 90% of respondents supported the key principles – Manchester City Council says its executive is expected approve an ambitious vision for the Water Street neighbourhood at a meeting next week (Weds 8 July).
The Water Street Strategic Regeneration Framework (SRF) is set to create a city centre district developed around a new urban park.
The SRF is described as being a ‘high-level blueprint’ for future investment that will guide development through the planning process.
The plans are comprised of a new landscape-led neighbourhood that combines homes – including 20% of them being ‘affordable’ – improved public spaces, enhanced walking and cycling connections, and ‘significant’ new green infrastructure centred around the River Medlock.
Sustainability was highlighted as an area of importance to local residents in the consultation, and to meet these demands, the plans include increased biodiversity, sustainable drainage features, and a largely car-free neighbourhood to support Manchester’s zero-carbon ambitions, as well as the new urban park being at the heart of it all.
The new neighbourhood will also offer plenty of new jobs, skills, and investment opportunities.
“The wider Water Street area has seen major regeneration in recent years with world-class investment at St John’s and Aviva Studios on its doorstep, alongside impressive residential developments,” explained Cllr Gavin White, who is Manchester City Council’s executive member for housing and regeneration.
“This renewed regeneration framework will help guide investment to bring this area up to the same ambitious level with new housing, including affordable housing to create an inclusive new neighbourhood, complemented by a brand-new city centre urban park.”
Featured Image – Manchester City Council (Supplied)
Emily Sergeant -
22nd February 2022 
