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Over £4 million returned to victims of cryptocurrency scam by Greater Manchester Police

"Online currency and trading is incredibly technical and need in-depth knowledge in order to make sure your money is safe."

Emily Sergeant Emily Sergeant - 22nd February 2022

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.

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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

Featured Image – QuoteInspector

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Arrest made after 14-year-old boy found in critical condition on Market Street

Daisy Jackson Daisy Jackson Arrest made after 14-year-old boy found in critical condition on Market Street

An arrest has been made after a teenage boy was found unresponsive on Market Street in Manchester city centre.

Detectives believe that the boy, 14, was approached by seven males who stole a designer jacket from him.

Following the altercation, he went into cardiac arrest and was rushed to hospital in a critical condition.

Thankfully, the teenager is continuing to recover well.

Detectives from Manchester City Centre Criminal Investigation Department confirmed that an 18-year-old male was arrested yesterday, Thursday 20 February.

He has been arrested on suspicion of robbery and remains in police custody.

Detective Inspector Mark Astbury of GMP’s City Centre Criminal Investigation Department, said: “We hope the victim can continue his recovery following what must have been a terrifying ordeal for him.

“Officers are fully investigating all aspects of this shocking incident that has left a man with serious injuries in hospital.

“Our work doesn’t stop here, we are continuing to investigate this incident and information from the public plays an incredibly important role in our investigations and I ask that the community keep talking to us and keep sharing their concerns with us so our teams can act.”

If you have any information, contact GMP 101 or 0161 856 4305 quoting log 2854 of 16/2/25.

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Featured image: Google Maps

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Comedy is being prescribed instead of antidepressants as part of UK trials

Emily Sergeant Emily Sergeant

Trials are currently underway to see if comedy could be an alternative to antidepressants as a way to reduce NHS costs.

UK tech company Craic Health has secured important funding for its ‘comedy on prescription’ project that’s aimed at helping the Government work with the comedy industry, communities, and organisations on comedy-based social prescriptions in the hope that they can solve financial struggles within the NHS.

The groundbreaking scheme uses stand-up shows and workshops to help people who are isolated, lonely, and vulnerable.

Craic believes comedy is an ‘untapped opportunity’ to improve health and wellbeing, and has a goal to make comedy easier to access, so that it can help communities experience its mental health and social benefits.

To achieve this, the company has started trialling Comedy-on-Prescription experiences in the UK – starting in London, with the potential for expansion – which includes things like curated comedy panel game show events and workshops, and general stand-up comedy shows at some of the capital’s world-famous venues.

Comedy is being prescribed instead of antidepressants as part of UK trials / Credit: Wikimedia Commons

“Mental health issues like loneliness, isolation, and stress are more common than ever,” the company explains.

“So much so that it’s projected that by 2030, mental health problems, particularly depression, will be the leading cause of mortality and morbidity globally, [but] in this challenging world, comedy stands out as a universal language that breaks barriers.

“Research shows that comedy and laughter have powerful effects – they bring people together, create positive connections, and make life more enjoyable.”

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Craic Health says that social prescribing, of which Comedy-on-Prescription is a part of, is all about inclusivity, which makes it making it suitable for people of all ages, backgrounds, and abilities.

Its focus is on personalised support, tailored to individual needs and preferences.

Featured Image – Laughterama (Supplied)

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