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United Kingdom Police Takes Back $5.4 Million to Cryptocurrency Fraud Victims

The Greater Manchester Police (GMP) in the United Kingdom said on Friday that about $5.4 million in assets seized. Of course, from an international cryptocurrency scam uncovered by its officers. Notably, in July of last year have been returned to their rightful owners. The following are the specifics of the announcement:

So, according to United kingdom police,
“Over four million pounds have 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.”

“Another seven million pounds to be returned to lawful owners,”
So, United kingdom police says
The announcement, however, makes no mention of whether the victims will receive bitcoin or fiat dollars from the cops.

“In July 2021, specialized officers from Greater Manchester Police’s Economic Crime Unit”
“seized a sum of $22.25 million (equal to just over £16 million) after intelligence led to the”
“discovery of USB sticks carrying enormous amounts of Ethereum,”
So, United kingdom police explains, adding:

“A total of 150 victims from all over the world contacted officers in the unit.”

The authorities claimed that crypto investors from the United Kingdom, the United States, Europe, China, Australia. Then, Hong Kong put money, including life savings, into what they thought was an online savings and trading service using Binance Smart Chain. The scammers, on the other hand, shut down the scheme’s website and took the money into their own accounts.

A 23-year-old man and a 25-year-old woman were arrested on suspicion of fraud. Then, money laundering, but were released awaiting further investigation.
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