Scammers stole $22 million in cryptocurrency, which was recovered by UK police

After specialized officers heard of a plan in Greater Manchester that resulted in the discovery of USB sticks carrying large quantities of ethereum, they confiscated $22.2 million in cryptocurrencies and arrested two people.

- According to the authorities, victims were duped into putting their money into Binance Smart Chain, which they mistook for an online savings and trading service.

- A 23-year-old man and a 25-year-old woman were detained on suspicion of fraud and money laundering, according to police. Both have subsequently been freed pending the outcome of the inquiry.

- The Economic Crime Unit of the Greater Manchester Police (GMP) stated that a total of $9.5 million in stolen ethereum was found on USB sticks seized from victims in Australia, China, Europe, Hong Kong, the United Kingdom, and the United States.

- A few days later, investigators found an extra $12.7 million after discovering a cryptograph safety deposit box, which is a kind of online safe, along with its access code.

- In a statement, Detective Chief Inspector Joe Harrop of Greater Manchester Police's Economic Crime Unit stated, "Our lives are rapidly shifting online or onto our phones, and currencies like bitcoin and ethereum are frequently viewed as the future when it comes to money and trade." “Along with that comes a new kind of crime, and we're seeing an increase in opportunist criminals trying to take advantage of these trends.”

- According to police, they have begun returning stolen property to its rightful owners, some of whom are still unknown.

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