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Australian feds seize mansion, Bitcoin allegedly linked to crypto exchange hack

Coin Telegraph LogoCoin Telegraph11h ago

Australian feds seize mansion, Bitcoin allegedly linked to crypto exchange hack - Coin Telegraph

Quick Summary:

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.

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Article Details

Author / Journalist: Cointelegraph by Stephen Katte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

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

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28797861

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 15 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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