US EditionQld man’s waterfront mansion seized by police amid Bitcoin probe
- The Australian Federal Police seized a waterfront mansion, a luxury car, and nearly 25 Bitcoin from Queensland man Shane Stephen Duffy in July 2023 at Beachmere, Moreton Bay.
- The seizure followed a years-long AFP investigation, Operation Gouldian, launched in 2018 after Luxembourg authorities notified AUSTRAC about suspicious Bitcoin linked to Duffy.
- Duffy previously pleaded guilty in 2016 to fraud and computer hacking offenses related to selling inactive League of Legends player account details, earning just over $32,000 in 2013.
- The AFP said the seized assets, valued at $4.5 million, were taken on reasonable suspicion they were proceeds of crime and not consistent with Duffy's lawful income.
- Last month, the District Court ordered the assets forfeited to the Commonwealth, concluding Operation Gouldian and directing the proceeds toward community initiatives via the Commonwealth Confiscated Assets Account.
14 Articles
14 Articles
Man forfeits $4.5 million in assets - despite not being charged
A Queensland man has forfeited more than $4.5 million worth of assets including a waterfront mansion, a luxury car, and Bitcoin, after they were identified as suspected proceeds of crime.An investigation by the AFP-led Criminal Assets Confiscation Taskforce (CACT) began in September 2018 after authorities were notified by Luxembourg law enforcement about suspicious Bitcoin transactions.The transactions were linked to a Queensland man previously …
Australian feds seize mansion, Bitcoin allegedly linked to crypto exchange hack - Invest In Crypto News
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. The AFP-led Criminal Assets Confiscation Taskforce (CACT) said in a May 18 statement that it seized nearly 25 Bitcoin (BTC), alongside the mansion and car, which are together worth a total of 4.5 million Australian dollars ($2.88 million). T…
Australian Federal Police Seizes Nearly 25 Bitcoin and Assets Linked to 2013 Crypto Exchange Hack
The post Australian Federal Police Seizes Nearly 25 Bitcoin and Assets Linked to 2013 Crypto Exchange Hack appeared on BitcoinEthereumNews.com. The Australian Federal Police (AFP) has made significant asset seizures, including 25 Bitcoin and high-value properties, linked to a notorious crypto hack. In an operation stemming from a lengthy investigation, the AFP has underscored the importance of tracing crypto assets tied to criminal activities. “…
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