Australian feds seize mansion, Bitcoin allegedly linked to crypto exchange hack - 'Coin Telegraph' News Summary (United States) | BEAMSTART

Published 15 hours ago• 2 minute read

Duffy was also accused of hacking the X account of Riot Games president Marc Merrill to publicize his data-selling business, which offered to sell access to the accounts of other League of Legends players. Related: Aussies lost $122 million to crypto scams in the last 12 months: AFPAFP Commander Jason Kennedy said in a statement that the agency has “unique powers” under the Proceeds of Crime Act to “restrain and forfeit” assets it suspects to be proceeds of crime, including cybercrime.

No criminal charges were laid over the Bitcoin theft; however, the AFP obtained a court forfeiture order of the property, car and Bitcoin in April under the claim that they could not be linked with “identifiable legitimate earnings.”AFP uses “unique powers” to seize assetsLocal media outlet 7NEWS reported that the owner of the confiscated assets is Shane Stephen Duffy, who pleaded guilty to fraud and computer hacking in 2016 for selling the personal data of League of Legends players.

An Australian man from the state of Queensland has forfeited Bitcoin, a waterfront mansion and a Mercedes-Benz car after Australian Federal Police claimed the assets could be linked to the proceeds of crime.

Cointelegraph by Stephen Katte

Crypto

Yes (HTTPS)

Negative

Legitimate

News Report

2025-05-19 @ 03:42:02 (11 hours ago)

GMT -5:00

cointelegraph.com

English

486 words

3 minutes read