After Australian Federal Police alleged that these assets may have been linked to proceeds of crime, an Australian from Queensland forfeited Bitcoins and a Mercedes Benz.
CACT, the AFP’s Criminal Assets Confiscation Team (CACT), is a team led by AFP. said In a statement dated May 18, it said that they had seized almost 25 Bitcoins (BTCThe mansion, car and 4.5 million Australian Dollars ($2.88 Million) are all worth together.
According to the AFP, its investigation started in September 2018, after Luxembourg law enforcement shared information with them. suspicious Bitcoin transactions That the agency claimed that were related to the Queensland man who was previously convicted of hacking an American gaming company.
The AFP said its investigation linked the man with the theft of 950 Bitcoins stolen from a French crypto exchange 2013
The AFP did not file criminal charges over the Bitcoin theft, but they obtained a forfeiture order in April for the car, property and Bitcoin under the pretext that the items could not have been linked to the crime. “identifiable legitimate earnings.”
AFP is used “unique powers” Assets can be seized
Local media outlet 7NEWS reported Ownership of assets confiscated Shane Stephen DuffyIn 2016, pleaded guilty for fraud and hacking of computers after selling personal information of League of Legends gamers.
Hackers obtained the personal details of over 5 million League of Legends users in 2011. Duffy wasn’t accused of involvement in the hack; prosecutors said he downloaded the data and then sold it online for profit.
Duffy also faces charges of hacking Marc Merrill’s X account to advertise his business of selling data, including access to accounts of League of Legends gamers.
Related: Aussies lost $122 million to crypto scams in the last 12 months: AFP
AFP commander Jason Kennedy announced in a recent statement that his agency is committed to ensuring the safety of its personnel. “unique powers” Proceeds of Crime Act “restrain and forfeit” It suspects assets as being proceeds of crime including cybercrime.
“The profits derived from criminal activities are also often used to fund further criminal acts, which is why the AFP works closely with our partners in the CACT to target the proceeds of crime and ensure they are reinvested in the community,” “He said”
The AFP reported that the proceeds of the sale will go to a fund for special purposes, which supports measures related to crime prevention and enforcement.
The CACT used its powers to seize over $1 billion worth of assets including cars, houses, fine art, and crypto since July 2019.
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Source: cointelegraph.com
