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.
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.
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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.”
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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
Elbow get behind campaign to save Jodrell Bank from closure
Danny Jones
Manc band Elbow are among the latest to get behind the campaign to save Jodrell Bank Observatory from closing permanently.
The Greater Manchester natives famously played a sold-out gig at the important scientific and cultural landmark for a very special live album recording well over a decade ago, and know all too well the site’s national and, indeed, global heritage.
Choosing the Observatory and the rare chance to perform a show in the shadow of the world-renowned James Lovell Telescope, it probably remains one of their most significant standalone UK date ever.
With that in mind, the local lads have been left just as worried by the news of its impending closure as everyone else, and have therefore issued a fresh appeal to help keep it open.
Posting a timely statement on social media, the group wrote: “Jodrell Bank has long been close to elbow’s heart. In 2012, the band played beneath the Lovell Telescope for one of the most memorable shows in our history.
“The recent news that funding for the e-MERLIN radio telescope network is set to end in 2028 puts the future of the scientific work at Jodrell Bank under serious threat. It is a remarkable place, with an extraordinary history, and one that continues to play an important role in science, culture and education.”
In addition to reliving clips and images from the historic live set all the years later, they also pointed people towards their ‘elbow – Live at Jodrell Bank‘ album documentary, which has now been made available online for the very first time as part of wider efforts to raise awareness around the cause.
Directing people to key online resources shared by the institution and astrophysics centre itself following their unfortunate update late last month, the push to not only find the funding but sustain support for the facility continues to ramp up throughout the world of science, arts and industry.
For anyone who somehow missed the news – 2028 being the current deadline handed down as per budget cuts across the sector – concerned parties here in the North West and all over the country have since started petitioning to save Jodrell Bank Observatory from shutting down for good.
In addition to being described as a “huge blow” to the field by the Royal Astronomical Society (RAS), some have even gone so far as to describe the decision as a form of “vandalism” when it comes to research and British culture as a whole.
Having also served as the host venue for the annual bluedot Festival since 2016, the multi-genre science and arts celebration could soon be forced to find a new home.
The battle is far from over yet, and the community has time to rescue Jodrell Bank Observatory from its fate, but it will take lots of money and more notable public figures to make it happen.
Once again, you can do your bit by signing the petition mentioned above right HERE.
Featured Images — Emma Farrer (via Wikimedia Commons)/The Manc Group
News
All Greater Manchester boroughs to have 24-7 night buses from next month as new services launch
Emily Sergeant
Extra night buses, new routes, and more frequent bus services are being rolled out across the Bee Network at the end of this month.
You may remember that back in March, it was announced that every borough of Greater Manchester was set to get a night bus service in what is hoped to be a ‘boost’ to the night-time economy, and now plans to introduce these from September onwards have been confirmed by Transport for Greater Manchester (TfGM), along with a series of other measures.
Oldham, Stockport, Tameside, and Trafford will all get a 24-hour bus service by next month, meaning every part of the region will have a night bus operating Thursday through to Sunday.
It’s expected that once the new services have launched, it will help around 625,400 people working in the night-time economy across Greater Manchester, as well as those out enjoying the region’s nightlife, TfGM has said.
Some of the other changes set to be introduced from next month include a selection of brand-new bus services, and more frequent buses during the day and at the weekends.
All Greater Manchester boroughs will have 24-7 night buses from next month / Credit: TfGM
There will also be better connections overall to key employment and leisure destinations like Manchester Airport, Trafford Centre, MediaCity, Middlebrook Retail Park in Bolton, Kingsway Business Park, and Logistics North.
“The Bee Network belongs to the people of Greater Manchester and it needs to work for every community,” explained Mayor Bev Craig.
“As we build it, we’re listening and responding to what residents want with the biggest set of improvements we’ve ever made in one go.
🚌 More improvements are on the way across the #BeeNetwork.
36 service changes will benefit around 740,000 people across Greater Manchester, helping more communities access reliable, convenient public transport.
“We’re bringing night buses to every borough, launching new routes and ensuring buses run more often in the mornings, evenings and weekends. In doing so, we’re making it easier than ever for people to get around the city region by bus, but we’re also supporting our businesses, whose staff and customers need a reliable and safe way to reach them.
“Almost three quarters of a million people live within walking distance of a bus route we’re improving over the next few months, and we’ll continue improving connections for even more communities based on the feedback we get.”
The Manc -
12th August 2021 
