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
Police issue statement following several stabbings in and around Manchester Arndale this month
Emily Sergeant
The police have issued an update following several stabbings, primarily involving teenagers, in and around Manchester Arndale this month.
It comes after Greater Manchester Police (GMP) officers responded to reports of a stabbing on Withy Grove at around 7pm on Tuesday evening (27 October), and once they attended the scene, the found a 13-year-old boy who’d sustained injuries consistent with knife wounds, and he was subsequently rushed hospital where he’s said to remain in a ‘stable condition’.
Enquiries are ongoing to establish the full circumstances of the incident, and GMP confirmed there will be an ‘increased police presence’ in the area as the investigation continues.
Section 60 and Section 60AA ‘stop and search’ warrants have been authorised following this most recent incident, and remain in place.
It has also been confirmed that four teenagers have been arrested in connection.
Three boys – aged 14, 15 and 16 – have been arrested on suspicion of affray and remain in custody for questioning, while another boy, aged 13, was arrested on suspicion of possession of a bladed article, GMP confirmed.
Providing an update following the several stabbings this month, Superintendent Simon Nasim, from GMP’s City of Manchester team, said: “Firstly my thoughts are with the young boy who was injured and I wish him a quick recovery.
“We are aware of the other incidents in the city centre of this nature, but at this stage they are not thought to be linked. Our communities should not be in fear of harm, and our priority is taking effective action with partners against those involved in anti-social behaviour and criminality.
“Knife crime is understandably a concern amongst our communities, and we have dedicated teams who will be deployed across the city centre to hotspot areas to strengthen our response to violent crime, and provide a reassuring message to our public.
“But we cannot tackle it alone. We rely on the cooperation of the public, to report anything that looks suspicious or any incidents to us, and we will be sure to act on it.
“Our investigation into [Tuesday’s] incident is ongoing, I urge anyone with information to please come forward.”
Can you help? Anyone with information, including witnesses or those with CCTV or mobile phone footage, are asked to contact police on 0161 856 1495, or via the LiveChat function on the GMP website, quoting log 3058 of 28/10/26.
Alternatively, you can contact Crimestoppers anonymously on 0800 555 111.
Featured Image – Wikimedia Commons
News
First 14 Greater Manchester train stations set to join Bee Network this year revealed
Emily Sergeant
The first 14 train stations in Greater Manchester that are set to join Bee Network before the end of the year have been revealed.
In case you need bringing up to speed, back in December of last year, Andy Burnham – who was then Greater Manchester Mayor, at the time – announced a step-by-step plan for bringing the region’s rail lines into the Bee Network, all with the aim of creating the first truly integrated public transport system outside London.
Eight commuter rail lines will be brought onto the Bee Network in phases through to 2028, with the final additions expected by 2030, so passengers can enjoy all the benefits of joined up buses, trams, trains and active travel.
And now it’s been revealed which stations are set to be the first to join.
The first two lines – which will connect Manchester to Glossop and Stalybridge – will become part of the Bee Network from December 2026, with contactless ‘tap in, tap out’ ticketing also rolled out across 14 stations at the same time.
Here’s everything you need to know.
The first 14 Greater Manchester train stations set to join the Bee Network this year have been revealed / Credit: TfGM
The 14 Greater Manchester stations joining the Bee Network in December 2026
Ardwick
Ashburys
Broadbottom
Dinting
Fairfield
Flowery Field
Glossop
Godley
Gorton
Guide Bridge
Hadfield
Hattersley
Manchester Piccadilly
Newton for Hyde
The 15 stations planned to join the Bee Network in March 2027
Ashton-under-Lyne
Belle Vue
Bredbury
Brinnington
Hyde Central
Hyde North
Manchester Victoria
Marple
Reddish North
Romiley
Rose Hill Marple
Ryder Brow
Stalybridge
Strines
Woodley
The 43 stations planned to join the Bee Network by December 2028
Appley Bridge
Atherton
Bolton
Burnage
Castleton
Cheadle Hulme
Clifton
Daisy Hill
Davenport
Deansgate
East Didsbury
Eccles
Farnworth
Gathurst
Gatley
Hag Fold
Hazel Grove
Heald Green
Heaton Chapel
Hindley
Ince
Kearsley
Levenshulme
Manchester Airport
Manchester Oxford Road
Mauldeth Road
Middlewood
Mills Hill
Moorside
Moses Gate
Moston
Patricroft
Rochdale
Salford Central
Salford Crescent
Stockport
Swinton
Walkden
Westhoughton
Wigan North Western
Wigan Wallgate
Woodsmoor
The remaining 25 stations planned to join the Bee Network by 2030
Altrincham
Blackrod
Bramhall
Bromley Cross
Bryn
Chassen Road
Denton
Flixton
Glazebrook
Greenfield
Hale
Hall-i’-th’-Wood
Horwich Parkway
Humphrey Park
Irlam
Littleborough
Lostock Parkway
Mossley
Navigation Road
Orrell
Pemberton
Reddish South
Smithy Bridge
Trafford Park
Urmston
This means that contactless ‘tap and go’ payments with capped fares will be brought in across bus, tram and train services from 2030.
All timings are subject to ongoing work between Greater Manchester leaders and the Department for Transport (DfT), Network Rail, Shadow Great British Railways, and Train Operating Companies.
Emily Sergeant -
22nd February 2022 
