Greater Manchester Police force has salvaged millions in stolen cryptocurrency scam after apprehending international scammers who were passing through the region.
A sum of $22.25 million (equivalent to just over £16 million) was seized by specialist officers from the Economic Crime Unit after intelligence found USB sticks containing huge amounts of Ethereum (the second largest cryptocurrency after BitCoin).
GMP said that scammers had duped people into investing millions in fake savings and trading services – and officers are now in the process of returning the currency to rightful owners.
According to police, victims based in the UK, USA, Europe, China, Australia and Hong Kong had deposited money into what they thought was an online savings and trading service using Binance Smart Chain – which stores and records transactions made in cryptocurrency confirming their movement and value.
The scammers had apparently waited until a significant amount of money had been deposited before shutting down their website and transferring the funds into their own accounts.
#SCAM GMP rumbles international multi-million pound crypto-currency scam as GMP rumbled the fraud as it passed through #Manchester. Read more here: https://t.co/h96PSezSrH Learn about how to spot these scams from GMP's Detective Chief Inspector Joe Harrop: pic.twitter.com/Uqt6Xl4Idr
A 23-year-old male and a 25-year-old female were arrested for fraud and money laundering offences, but have since been released under investigation.
GMP’s Economic Crime Unit later found a further $12.7 million after locating a Cryptograph safety deposit box -effectively an online safe – and the code to access it.
Cryptocurrency saving and trading services are becoming increasingly popular – and GMP says that criminals are finding ways to exploit the trend.
Detective Chief Inspector Joe Harrop of Greater Manchester Police’s ECU, said: “Our lives are increasingly moving online or onto our phones, and currencies like Bitcoin and Ethereum are often seen as the future when it comes to money and trading.
“With that comes a new type of crime and we’re seeing a rise in opportunist criminals looking to exploit these trends as well as any gaps in the technology that can be manipulated.
“It’s vital that we as a force adapt to what is an emerging type of crime, and demonstrate that there will be repercussions, regardless of the platform this fraudulent activity takes place on.”
A sum of $22.25 million (equivalent to just over £16 million) was seized by specialist officers / Credit: Wikimedia Commons
He continued: “Organised crime is getting increasingly sophisticated in faking websites and services.
“Most of us can say we’ve got a text message from a seemingly known brand or bank, and it [is] harder than ever to tell if it’s the real deal.
“This latest case shows the huge sums we’re dealing with, and the reach these organised outfits can now achieve – a whole world is potentially vulnerable to this kind of exploitation, as shown in this case.
“We urge anyone involved [with] these platforms to use extreme caution, and know that there are still significant vulnerabilities and risks that could put their savings at risk.”
If you believe you’ve been affected by this particular cryptocurrency scam, please get in touch with Greater Manchester Police at [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
Featured Image – Pixabay
News
More than 100 ‘unsafe’ counterfeit Labubus seized in Oldham
Daisy Jackson
More than 100 counterfeit Labubus and accessories have been seized in Oldham, the council has announced.
The Labubu dolls – a plush collectible with giant smiles and bunny ears – have been seized because they are fake, and unsafe.
The haul of 104 Labubus has been given a street value of between £800 and £1000 – but if they were the real deal, they’d be worth more than three times as much.
The poorly-made figures were being sold for a fraction of the price of a real Labubu, which are manufactured by Chinese company Pop Mart (it’s set to open its second Manchester store in the Trafford Centre next week).
Oldham Council’s Trading Standards team said it seized the counterfeit Labubus from local businesses and found that they were unsafe and poorly made.
Officers raised concerns about the safety of the dolls, which had small parts such as eyes, hands and feet broke off easily, creating a choking hazard.
What a genuine Labubu should look like. Credit: The Hoot Leeds
They were also missing legally required safety marks such as the CE or UKCA labels, and lacked the name and address of a UK supplier, which is another legal requirement.
Councillor Elaine Taylor, Oldham Council’s Cabinet Member for Housing and Licensing, said: “Oldham Trading Standards carries out regular checks to help keep unsafe products off the shelves. In this case, these counterfeit toys failed safety standards and have now been removed from sale.
“We know it can be tempting to buy toys that look like a bargain, but parents need to be extra careful. Fake toys like these may be cheaper, but they can put children in real danger if they’re not made to strict safety standards.
“If anyone has concerns about toys they’ve purchased, or if they see unsafe products on sale locally, we’d encourage them to get in touch with Trading Standards through the Consumer Helpline on 0808 223 1133.”
Council publishes list of central Manchester roads set to be resurfaced this summer
Emily Sergeant
A list of roads in Manchester that are set to be resurfaced before the summer is out has been published.
Manchester City Council recently asked residents in the region what their priorities were for their community and what issues they wanted to see tackled – and for many, the answer was the quality of the road surfaces.
Since then, the Council says it has been ‘engaged’ in a long-running programme of improvement works throughout the borough.
Now, with just over a month of the summer season left, it has been confirmed that some vital resurfacing works are due to start over the coming weeks in north and central Manchester, bringing a range of improvements to key district roads along with it.
First up, from Saturday 9 August, Hollinwood Avenue is to be resurfaced.
The Council has published a list of Manchester roads that are set to be resurfaced this summer / Credit: MJ Richardson (via Geograph)
Anticipated to take six weeks to complete, this work will be carried out during weekend closures from 8am-5pm, with the road remaining open during the working week.
The closure area will be between Greengates Roundabout and the Oldham boundary at Owler Lane, and a signed diversion route will be in place while work is carried out, and access for residents will be maintained at all times.
Then, starting from Saturday 16 August, resurfacing works will begin on Moss Lane East, between Alexandra Road and Princess Road.
Work will take place between 7am and 5pm on weekdays, and 8am and 5pm on weekends, and during the works, the road will be completely closed – with a signed diversion route in place and access for residents maintained.
As always, disruption is expected and the public is encouraged to plan ahead / Credit: Mylo Kaye (via Unsplash)
These works are expected to take six weeks to complete, and as with all resurfacing projects, residents should expect some disruption and may need to plan ahead.
The Council is aiming to keep disruption to the public at a minimum, where possible.
“We know how important it is to our residents that key roads are well maintained, which is why were glad to be able to deliver this latest round of improvement works,” commented Councillor Tracey Rawlins, who is the Executive Member for Clean Air, Environment, and Transport at Manchester City Council.
“I’d like to thank people ahead of time for their patience during the course of these works and would advise them to check when closures will be in place and where the diversions are.”
You can find more information on the resurfacing works on the Council website here.
The Manc -
12th August 2021 
