British detectives have seized $ 22.25 million from the operators of an international cryptocurrency scam. Among the decommissioned items was an ethereum flash drive worth $ 9.5 million. Police are now trying to reach the victims of the scam to get the money back.
British police seize cryptography on Flash drive
Greater Manchester British police announced on Wednesday that its department for combating economic crime had seized a flash drive containing “a large amount of ethereum, the second largest cryptocurrency after bitcoin.”
The flash drive was found after police arrested a 23-year-old man and a 25-year-old woman for fraud and money laundering. The pair have since been released under investigation.
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Specialist staff reported that those involved in the programme in Manchester for a limited time tracked them down by restoring a stolen Ethereum-encrypted flash drive for $ 9.5 million.
A further $ 12.7 million was seized a few days later when a “crypto locker” and “access code”were discovered, police said. In total, fraudsters seized $ 22.25 million, the Economic Crimes Unit confirmed. At the time of writing, ETH was trading at $ 3231.
Victims of the fraud were in the UK, US, Europe, China, Australia and Hong Kong. “Using the Binance smart chain, which records and records transactions made in cryptocurrencies, they saved money, including Lifetime Savings, which they saw as an online service for savings and trading,” Police explained.
After a significant amount of money was deposited, the scammers shut down their websites and transferred the money into their own accounts.
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The amount accounted for 90% of the stolen cryptocurrency, and now work has begun on reuniting with its legal owners, some of whom are still unknown and located around the world.
Superintendent Joe Harrop comments:
