By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BlockscrollBlockscroll
Notification Show More
Latest News
Zuckerberg's Pursuit of Metaverse Reality Costs $13.7B
Zuckerberg’s Pursuit of Metaverse Reality Costs $13.7B
Press Release
According to JPMorgan Survey: 72% of Institutional Investors Avoid Crypto
According to JPMorgan Survey: 72% of Institutional Investors Avoid Crypto
Crypto
The Indian Government Announces New Crypto Tax Penalties
The Indian Government Announces New Crypto Tax Penalties
Crypto
Woah! Dogecoin Whales Made 523 Transactions as DOGE Soars 34%!
Woah! Dogecoin Whales Made 523 Transactions as DOGE Soars 34%!
Crypto
More than 300,000 Changsha Merchants Adopted Digital Yuan
Crypto
Aa
  • Bitcoin
  • Blockchain
  • Ethereum
  • Contact Us
Reading: Justice Served On £20m Bitcoin Scam in Blackpool 
Share
BlockscrollBlockscroll
Aa
Search
Have an existing account? Sign In
Follow US
  • Bitcoin
  • Blockchain
  • Ethereum
  • Contact Us
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Blockscroll > Bitcoin > Justice Served On £20m Bitcoin Scam in Blackpool 
BitcoinCrypto

Justice Served On £20m Bitcoin Scam in Blackpool 

Mridul Srivastava
Last updated: 2023/01/18 at 8:29 PM
By Mridul Srivastava 2 weeks ago
Share
2 Min Read
Justice Served On £20m Bitcoin Scam in Blackpool 
Justice Served On £20m Bitcoin Scam in Blackpool 
SHARE

In Blackpool, a group of robbers was able to steal and hide £20 million worth of Bitcoin and other cryptocurrencies. 

Contents
When was the incident first observed?How many assets were recovered from the cyber criminals? 

With the gang members facing 15-year prison sentences, justice has been done. This should serve as a lesson to others that crypto crime doesn’t pay and that if you get exposed, you’ll face harsh consequences.

James Parker, who located a bug on an Australian crypto exchange platform that aided him in grabbing funds, was the mastermind behind the fraud. Between 2017 and 2018, he and his buddies were able to capture over £20 million in credits. However, only four culprits have been jailed as the mind behind this fraud, James Parker, died in 2021.

Parker and his pals were alleged to pull out crypto assets worth $26 million, $4.74 million, and $2.99 million to avoid being caught but could not spend the entire stolen assets due to the fear of being captured by the police. 

When was the incident first observed?

It all began with a robbery of 15 bitcoins. The accused was Kelly Caton’s daughter, but when the police entered Kelly’s house, they were shocked to see the richness of a woman residing in a small rented house in Blackpool. According to a detailed investigation, Kelly and her friends were involved in a crypto fraud operation. 

The incident serves as a reminder of how dedicated police effort can result in the prosecution of even small offenders. However, it also raises concerns about the safety of cryptocurrencies. After all, if James Parker and friends could steal that much, couldn’t someone else steal millions?

How many assets were recovered from the cyber criminals? 

Lancashire Police’s investigation into bitcoin theft leads to seizure of millions of pounds worth of assets, including 445 Bitcoin, £22m, luxury watches, houses, cars, designer items, a £600 wine cooler, etc.

You Might Also Like

According to JPMorgan Survey: 72% of Institutional Investors Avoid Crypto

The Indian Government Announces New Crypto Tax Penalties

Woah! Dogecoin Whales Made 523 Transactions as DOGE Soars 34%!

More than 300,000 Changsha Merchants Adopted Digital Yuan

Alameda Files Lawsuit to Recoup $446 Million in Cryptocurrency Paid to Voyager

TAGGED: Bitcoin, Crypto, Crypto Scam, Cryptocurrency, Hack
Mridul Srivastava January 18, 2023
Share this Article
Facebook Twitter Email Print
Share
Mridul Srivastava
By Mridul Srivastava
Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.
Previous Article Coinbase to Wind up its Operations in Japan  Coinbase to Wind up its Operations in Japan 
Next Article The Crypto Markets are Calmer with Bitcoin Finding Fresh Support, letting the Fear Abate The Crypto Markets are Calmer with Bitcoin Finding Fresh Support, letting the Fear Abate
BlockscrollBlockscroll
Follow US

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?