According to Cointelegraph, UK police are actively working to recover funds stolen from a victim in a sophisticated scam involving the theft of 2.1 million British pounds ($2.8 million) worth of Bitcoin. The scammer impersonated a senior police officer to deceive the victim, highlighting a concerning trend targeting long-term cryptocurrency holders who utilize cold storage devices. The North Wales Police Cyber Crime team announced on Tuesday that they are investigating the incident, which they described as a "highly targeted and advanced scam." The victim may have been identified through a data breach, making them susceptible to this elaborate scheme. Police in the UK and internationally have long cautioned against scammers who impersonate law enforcement or government officials to defraud individuals. These scams range from simple payment requests to complex schemes designed to obscure the fraudulent activity. In this particular case, the North Wales Police reported that the victim was contacted by a scammer posing as a senior UK law enforcement officer. The scammer falsely claimed to have arrested someone in possession of the victim's identification documents, suggesting potential security breaches. By exploiting the victim's fear and urgency, the scammer convinced them to "secure their assets" by logging into their crypto cold wallet using a link provided by the impersonator. The victim, believing they were following legitimate police instructions, entered their seed phrase into a sophisticated fake website. This allowed the scammers to gain full control and access to the wallet, resulting in the withdrawal of $2.8 million worth of Bitcoin. North Wales Police are now working to trace and recover the stolen funds. They have advised crypto holders on how to verify the authenticity of law enforcement communications, emphasizing that police will never unexpectedly call to discuss crypto assets or request actions on cold storage devices. They urged individuals to hang up on suspicious calls and directly contact the police to verify the legitimacy of any claims. The police further warned that scammers are continually evolving their tactics, targeting not only new investors but also employing sophisticated social engineering schemes to deceive even the most vigilant holders. In related news, the US FBI recently warned of scammers posing as crypto exchange employees to trick victims into providing information that grants access to their accounts. Additionally, in May, the FBI cautioned against attackers using AI-powered deepfakes to send voice messages impersonating senior US officials, primarily targeting current or former US federal and state government staff.

According to BlockBeats, data from validatorqueue indicates that the current exit queue for the Ethereum PoS network stands at 878,966 ETH, valued at approximately $3.77 billion, showing a decrease from previous historical highs. Simultaneously, the number of ETH waiting to join the network is around 203,206, also experiencing a downward trend. This situation reflects two opposing market forces. On one hand, some stakers may be opting to secure profits following Ethereum's significant rise since its April low, leading to a surge in the exit queue. On the other hand, new deposits driven by favorable regulations and institutional demand are increasing the entry queue, with companies like SharpLink Gaming and BitMine Immersion boosting their ETH holdings and engaging in staking.

North Wales Police say a scammer impersonating UK law enforcement swiped $2. 8 million in Bitcoin in a “highly targeted and advanced scam. ” source: https://cointelegraph.com/news/scammer-poses-cop-steals-millions-crypto-wales-police?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Kanye West launched Solana-based meme coin YZY, which briefly hit a $3B market cap before plunging within hours. source: https://cryptonews.com/news/rapper-kanye-west-launches-solana-based-meme-coin-yzy/

Coinbase CEO has joined the list of cryptocurrency luminaries who belong that the price of Bitcoin could hit $1 million source: https://u.today/ceo-of-largest-us-crypto-exchange-stuns-with-1-million-bitcoin-price-prediction

Federal Reserve Governor Christopher Waller has called for the United States to embrace stablecoins to modernize its payment systems. source: https://cryptopotato.com/fed-governor-touts-defi-stablecoins-and-rwa-tokenization-in-pro-crypto-speech/

Construction company becomes latest Asian firm to adopt cryptocurrency reserve strategy amid global corporate adoption surge source: https://www.blockhead.co/2025/08/21/hong-kongs-ming-shing-joins-bitcoin-treasury-wave-with-483m-purchase/

On Aug 21, 2025, 05:22 AM(UTC). According to Binance Market Data, BNB has dropped below 860 USDT and is now trading at 858.640015 USDT, with a narrowed narrowed 2.94% increase in 24 hours.

Kanye West’s YZY token made a volatile debut on Solana, soaring past $3 billion before sliding under $1 billion in hours. source: https://decrypt.co/336179/kanye-west-launches-yzy-token-solana-frenzied-debut

Ming Shing has entered a Bitcoin purchase agreement with Winning Mission Group to purchase 4,250 Bitcoin, valued at $483 million. source: https://cryptonews.com/news/hong-kongs-ming-shing-enters-bitcoin-purchase-agreement-to-buy-4250-btc/

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