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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Over £4m has been returned to rightful owners following an worldwide crypto-currency scam rumbled by officers, with millions to be claimed. We found large sums of Ethereum, the second largest Crypto-currency after BitCoin following an investigation. More:https://t.co/b39G95OtAWpic.twitter.com/F5nX2q5dVg
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
95% of Mancs apparently want the city to be ‘cashless’, new study reveals
Emily Sergeant
An eye-opening new study has found that only 5% of Mancs still use cash as their preferred method of payment nowadays.
It comes as no surprise that cash is less of a ‘king’ nowadays than it used to be, but now a new report by global financial technology company SumUp has suggests that only 5% of people in Manchester prefer to pay with cash, while 59% choose debit and credit cards, so that leaves one question… is Manchester on its way to becoming a cashless city?
To discover how payment preferences are evolving, SumUp conducted a nationwide survey to gather insights from UK consumers about their payment habits.
The company was particularly intrigued to not only discover payment methods people prefer, but what their concerns around certain payment methods, alongside how they feel about businesses that don’t accept digital payments.
95% of Mancs apparently want the city to be ‘cashless’ / Credit: Mylo Kaye (via Unsplash) | Pexels
Firstly, before we go any further, it’s important to note that almost two thirds (63%) of Manchester residents said they have changed the way they make payments over the past year.
Unsurprisingly, debit and credit cards remain the top choice for the majority of Mancs, with over half (59%) saying it was their preferred method of payment, followed by mobile payment methods such as Apple Pay and Google Pay at 24% – which is likely thanks to their ease of use and the ability to have multiple cards on one device.
While a third (31%) of Mancs said that they ‘don’t mind’ cash and still opt to carry it for situations where digital payments aren’t an option, a growing number of people in the city are feel that digital payments are more favourable, with 25% thinking that businesses should adapt to modern payment methods and whilst 28% finding it ‘inconvenient’ when a business doesn’t accept digital payments.
A further 11% of people even say that cash-only businesses wouldn’t be an option they’d consider, and would actually avoid them wherever possible.
Only 5% use cash as their preferred method of payment / Credit: Rawpixel
When it comes to concerns around digital payment methods, where do Mancs stand then? Well, the survey found that a third (33%) of people are worried about their reliance on technology, especially being unable to pay if their phone dies, for example, while an additional 32% of people are concerned about security risks such as hacking, fraud, or stolen card details.
Among other things, 26% of survey respondents also said they worry about the privacy aspect of digital banking and the tracking your data.
“While debit and credit cards continue to dominate as the preferred payment method, it’s clear that cash is slowly declining in use, particularly among younger generations,” Corin Camenisch, who is the Marketing & Growth Lead at SumUp, commented on the report.
“Looking ahead, we can anticipate a rise in innovative payment methods like digital wallets, especially as younger consumers increasingly embrace the convenience and flexibility they offer.”
Featured Image – Pavel Danilyuk (via Pexels)
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Met Office predicts UK is set for ‘hotter than average’ summer
Emily Sergeant
The Met Office is predicting that the UK is set for a ‘hotter than average’ summer this year.
Fresh off-the-back of the news that 2025 is already the hottest spring on record, with a recorded 630 hours of sunshine from 1 March until 27 May, beating out the previous sunniest spring in 2020 by just four hours, the Met Office is now predicting that the UK is on the verge of a summer that’s ‘hotter than usual’.
According to its three-month outlook, the Met Office has predicted that it’s 2.3 times more-likely than ‘normal’ that it will be hot in the UK between 1 June and 31 August.
The average temperatures during those months are set to range from 10-17°C.
🌡️ ☀️ The UK has recorded its warmest and sunniest spring on record, according to provisional Met Office statistics.
Spring 2025 is now the 4th sunniest season overall for the UK, with only 3 summers sunnier since 1910.
Details in release below, or read this short thread 👇🧵
After it was revealed that this has also been the UK’s driest spring in more than a century, meteorologists are warning Brits that there could heatwave conditions could be reached at various times throughout the summer.
The release of the long-range forecast – which gives an indication of possible temperatures, rainfall, and wind speed over a period as a whole – comes after temperatures soared to 8°C (46F) above the average for this time of year this Saturday just gone (31 May).
It is important to note, however, that the Met Office thinks these predicted temperatures are similar to those in recent years, and it does not guarantee ‘prolonged’ hot weather.
The Met Office is predicting that the UK is set for ‘hotter than average’ summer this year / Credit: Mylo Kaye (via Unsplash)
The Met Office said in a statement: “While the current three-month outlook shows an increased chance of a hot summer, the temperature signals for this summer are similar to those for recent years and consistent with our warming climate.
“The increased chance of hotter than average temperatures is not a guarantee of prolonged hot weather or heatwaves, but it does mean that heatwave conditions could be reached at times.
“However, it’s important to bear in mind that an increased chance of hot conditions could also reflect a mix of hot and cool days, warm nights, or less extreme levels of warmth rather than continual heatwave conditions specifically.”
Emily Sergeant -
22nd February 2022 
