British detectives seized $ 22.25 million from an international cryptocurrency scam operator. Among the items seized was a USB stick with Ethereum valued at $ 9.5 million. The police are now trying to contact the victims of this fraud to get their money back.
British police seized crypto on USB stick
The British police in Greater Manchester announced on Wednesday that their white-collar crime department had confiscated a USB stick containing “huge amounts of Ethereum, the second largest cryptocurrency after Bitcoin”.
The USB stick was discovered after police arrested a 23-year-old man and a 25-year-old woman for fraud and money laundering offenses. The couple have since been released as part of the investigation.
The announcement details:
Special officers learned that the program’s operators were in Manchester for a limited time and located them and recovered an encrypted USB stick containing $ 9.5 million of stolen Ethereum.
The police said that a few days later another $ 12.7 million was confiscated when a “cryptograph safe” and “the access code” were found. A total of $ 22.25 million was confiscated from the fraudsters, the Economic Crime Unit confirmed. At the time of writing, ETH is trading at $ 3,231.
The victims of the fraud lived in the UK, US, Europe, China, Australia and Hong Kong. They “transferred money, including life savings, to what they believe to be an online savings and trading service with Binance Smart Chain that stores and records transactions in cryptocurrency to confirm their movement and value,” police said.
After a significant amount of money was deposited, the scammers closed their website and transferred the funds to their own accounts.
The police detailed:
The sum totaled 90% of the stolen cryptocurrency, and now reunification has started with the rightful owners, some of whom are still unknown and located around the world.
Detective Chief Inspector Joe Harrop commented, “We ask everyone involved [in] These platforms need to exercise extreme caution, knowing that there are still significant vulnerabilities and risks that could jeopardize their savings. “
The UK police have recently been active in seizing cryptocurrencies. In July, the Metropolitan Police seized £ 180 million in crypto as part of a money laundering investigation after seizing £ 114 million in crypto a few weeks earlier.
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