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

The Australian Federal Police said it seized nearly 25 Bitcoin, a waterfront mansion and a Mercedes-Benz car it claimed could be tied to a 2013 crypto exchange hack.

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).

The AFP said its investigation began in September 2018 after law enforcement in Luxembourg shared information about suspicious Bitcoin transactions that the agency claimed were connected to the Queensland man, who was previously convicted of hacking a US gaming company.

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