Australian police confiscated cryptocurrency worth $ 1 million with the help of the FBI regulation
Australian police confiscated cryptocurrency worth $ 1 million with the help of the FBI regulation
The Australian Federal Police (AFP) has confirmed that the Supreme Court of New South Wales ordered the confiscation of the cryptocurrency of a convicted hacker. "The amount of the dilapidated cryptocurrency, more than $ 1.2 million, is the greatest decline in cryptocurrency by the Commonwealth," said the AFP.
"greatest Commonwealth decrease in cryptocurrency"
The Australian Federal Police (AFP) announced on Friday that a convicted hacker was "ordered to lose more than $ 1.66 million". [Australian Dollars] in cryptocurrency and cash to the Commonwealth. “
The 23-year-old perpetrator from Sydney was guilty of various crimes in October last year. The Criminal Assets Confiscation Taskforce (CACT) guided by the AFP "received interim disposals of cryptocurrency as well as banking and PayPal accounts that were led under false names, but are suspected of being controlled by the man," said the AFP.
The Supreme Court of New South Wales ordered the recovery of its $ 1.66 million dollars to the Commonwealth Confiscated Assets Account last week, including more than 1.2 million AUD (902.276) in cryptocurrency. The AFP detailed:
The amount of the dilapidated cryptocurrency, more than $ 1.2 million, is the greatest decline in cryptocurrency by the Commonwealth
The funds are redistributed by Interior Minister Karen Andrews to support crime prevention, criminal prosecution and community security initiatives, according to the announcement.
The Australian conspired with a man in the USA "to steal the logins and passwords of streaming service customers and then sell them online at a cheaper price," added the AFP. According to reports, the man from Sydney is called Evan McMahon. His accomplice in the USA was Samuel Joyner.
The investigation started after the US Federal Bureau of Investigation (FBI) passed on information about an accounting website to the AFP in May 2018, which sold stolen account details for online subscription services such as Netflix, Spotify and Hulu.
The investigators of AFP cybercrime then enforced an arrest warrant in the House of the Sydney man and confiscated cryptocurrency and various evidence. In April he was sentenced to two years and two months in prison.
What do you think of this case? Let us know in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons