BloombergBloomberg

How a Blackpool gang that couldn't shoot straight pulled off a $24.5 million crypto heist

By Katharine Gemmell

02 May 2023 · 7 min read

Editor's Note

Beyond the billions of Sam Bankman-Fried and the FTX scandal, crypto fraud on a smaller scale has become a problem for British law enforcement. Bloomberg has a colorful example of this phenomenon.

On a dreary British day in January 2018, two men, one in a wheelchair, the other pushing him, sped through Manchester Airport on their way to catch an Emirates jumbo jet to Dubai.

James Parker, an unemployed man living in the English seaside town of Blackpool, and Stephen Boys, a financial adviser making a modest living, were on their way to the United Arab Emirates to invest their haul from a crypto heist as simple as it was effective. A fitting crime for an age of doggy tokens and virtual apes.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content