{"id":11007,"date":"2021-08-14T23:54:05","date_gmt":"2021-08-14T23:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/uk-police-seize-usb-stick-with-ethereum-worth-9-5-million\/"},"modified":"2021-08-14T23:54:05","modified_gmt":"2021-08-14T23:54:05","slug":"uk-police-seize-usb-stick-with-ethereum-worth-9-5-million","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/uk-police-seize-usb-stick-with-ethereum-worth-9-5-million\/","title":{"rendered":"UK Police Seize USB Stick With Ethereum Worth $9.5 Million"},"content":{"rendered":"

British detectives have seized $22.25 million from operators of an international cryptocurrency scam. Among the items seized was a USB stick containing ethereum worth $9.5 million. The police are now attempting to contact the victims of this scam to return their funds.<\/strong><\/p>\n

UK Police Seize Crypto in USB Stick<\/h2>\n

The U.K.\u2019s Greater Manchester Police announced Wednesday that its Economic Crime Unit has seized a USB stick containing \u201chuge amounts of ethereum, the second largest crypto currency after bitcoin.\u201d<\/p>\n

The USB stick was discovered after the police arrested a 23-year-old male and a 25-year-old female for fraud and money laundering offenses. The pair have since been released under investigation.<\/p>\n

The announcement details:<\/p>\n

Specialist officers received intelligence that those running the scheme had been in Manchester for a limited time and tracked them down, recovering an encrypted USB stick containing $9.5 million of stolen ethereum.<\/p>\n

The police said that $12.7 million more were seized a few days later when a \u201ccryptograph safety deposit box\u201d and \u201cthe code to access it\u201d were located. In total, $22.25 million were seized from the scammers, the Economic Crime Unit confirmed. At the time of writing, ETH<\/a> is trading at $3,231.<\/p>\n

The victims of the scam were based in the U.K., U.S., Europe, China, Australia, and Hong Kong. They \u201cdeposited 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,\u201d the police described.<\/p>\n

After a significant amount of money had been deposited, the scammers shut down their website and transferred the funds to their own accounts.<\/p>\n

<\/p>\n

The police detailed:<\/p>\n

The sum totalled 90% of the cryptocurrency stolen, and work has now begun on re-uniting it with the rightful owners, some of whom are still unknown and located across the world.<\/p>\n

Detective Chief Inspector Joe Harrop commented: \u201cWe urge anyone involved [in] these platforms to use extreme caution, and know that there are still significant vulnerabilities and risks that could put their savings at risk.\u201d<\/p>\n

UK police have recently been active in seizing cryptocurrencies. In July, the Metropolitan Police seized<\/a> \u00a3180 million in crypto as part of a money-laundering investigation after they confiscated<\/a> \u00a3114 million in crypto a few weeks prior.<\/p>\n

What do you think about this case? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, crypto confiscation, eth seized, ether seized, ethereum seized, seize cryptocurrencies, uk police, uk police seize crypto<\/p>\n","protected":false},"excerpt":{"rendered":"

British detectives have seized $22.25 million from operators of an international cryptocurrency scam. Among the items seized was a USB stick containing ethereum worth $9.5 million. The police are now attempting to contact the victims of this scam to return their funds. UK Police Seize Crypto in USB Stick The U.K.\u2019s Greater Manchester Police announced…<\/p>\n","protected":false},"author":0,"featured_media":11008,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11007"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11007"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11008"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}