The post AFP seizes Bitcoin, luxury car, and mansion in connection with cybercrime probe appeared on BitcoinEthereumNews.com.

The Australian Federal Police (AFP) have seized luxury assets linked to a hacker who was convicted of cybercrime offenses. According to reports, authorities seized assets worth $4.5 million, including a beachfront mansion, luxury cars, and Bitcoin, from the convicted individual. According to reports, the individual, 32-year-old Shane Duffy, from Queensland, saw millions worth of those assets seized after a lengthy investigation into his illegal activities. He was apprehended on charges of stealing digital assets and cyber hacking. The authorities seized Duffy’s beachfront home back in April. In addition, the Criminal Assets Confiscation Taskforce (CACT) of the AFP also seized a 2019 black Mercedes-Benz sedan and about 25 Bitcoins. AFP seizes assets worth $4.5 million from hacker According to reports, Duffy was suspected of carrying out the theft of about 950 bitcoins from a French crypto exchange in 2013. The assets are now worth about $150 million. Before then, he had been convicted of hacking Riot Games, the US company behind the popular video game League of Legends. In 2018, the CACT initiated an investigation after AUSTRAC was alerted to the development by authorities in Luxembourg about his suspicious bitcoin transactions. However, the authorities have yet to bring up criminal charges in connection with the alleged theft. Meanwhile, they have been able to halt the suspected proceeds of the alleged crime under federal laws, even without a prosecution. Authorities were able to secure the restraining order for the assets obtained in 2019, and they were subsequently forfeited in April. According to the AFP, the assets include a waterfront mansion in Beachmere, Queensland’s Moreton Bay region, which was purchased at about $1.1 million, and is now estimated to be worth about $2 million. The authorities added that the property was held in the suspect’s mother’s name. CACT has seized criminal assets worth $1.2…

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Filed under: News - @ May 18, 2025 10:11 am