Beach mansion, Benz and Bitcoin worth $4.5m seized from League of Legends hacker …

NewsCopy the LinkShare to FacebookEmail UsShare to XPublished: 14 hrs agoUpdated: 14 hrs ago2 min readBeach mansion, Benz and Bitcoin worth $4.5m seized from League of Legends hacker Shane Stephen DuffyThe computer whiz was suspected of stealing 950 Bitcoin, now worth about $150 million.By Demi HuangBeach mansion, Benz and Bitcoin worth $4.5m seized from League of Legends hacker Shane Stephen DuffyThe computer whiz was suspected of stealing 950 Bitcoin, now worth about $150 million.By Demi HuangLuxury assets worth more than $4.5 million have been forfeited after being linked to a previously convicted Queensland hacker.The haul, including a beachfront mansion, a 2019 black Mercedes-Benz sedan, and nearly 25 Bitcoin, was seized in April following a years-long investigation into stolen cryptocurrency and cyber hacking.The AFP-led Criminal Assets Confiscation Taskforce (CACT) secured the forfeiture under proceeds of crime laws, arguing the assets were not in line with any identifiable legitimate income.Know the news with the 7NEWS app: Download today The waterfront home was purchased in 2018 for $1.1 million and is now estimated to be worth about $2 million. Credit: AFPA 2019 black Mercedes-Benz sedan was among the luxury assets forfeited in the cybercrime investigation. Credit: AFPThe assets were linked to Shane Stephen Duffy, a 32-year-old man from Queensland.He had been previously convicted of hacking Riot Games, the US-based gaming company behind the hit video game League of Legends.The CACT investigation began in 2018 after AUSTRAC was tipped off by authorities in Luxembourg about suspicious Bitcoin transactions.Investigators suspect Duffy stole 950 Bitcoin from a French cryptocurrency exchange in 2013, now worth about $150 million.While no criminal charges were laid in relation to the alleged theft, the CACT was able to restrain the suspected proceeds of crime under federal laws, even without a related prosecution.Authorities secured restraining orders over the assets in 2019, and they were officially forfeited in April.Shane Stephen Duffy was previously convicted of hacking a US-based gaming company. Credit: 7NEWSThe seized waterfront home, purchased in 2018 for $1.1 million and held in Duffy’s mother’s name, is now estimated to be worth about $2 million.Money from the eventual sale will go into a special fund that supports crime prevention and law enforcement initiatives.AFP Commander Jason Kennedy said stripping criminals of their profits was a key strategy in disrupting cybercrime networks.“The Proceeds of Crime Act provides law enforcement agencies with unique powers to restrain and forfeit instruments and proceeds of crime,” Kennedy said.“Criminals are driven by greed at the expense of honest Australians and businesses who are losing their hard-earned money to cyber criminals.“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 re-invested in the community.”Shane Stephen Duffy is reported to have autism and had a difficult childhood. Credit: 7NEWSCourt documents show Duffy made more than $32,000 in 2013 by selling access to inactive League of Legends accounts.He also hacked the Twitter account of Riot Games president Marc Merrill to promote his operation and allegedly teamed up with another hacker to disconnect players during matches.Duffy sent threatening emails to the company, which reported financial losses in the hundreds of thousands of dollars.He pleaded guilty in Brisbane District Court in 2016 and was sentenced to two-and-a-half years in jail, to be served on immediate parole.His lawyer told the court the self-taught hacker had autism and had a difficult childhood.Suspected attack on US fertility clinic kills one and injures at least four in explosion5 min readWoman critically injured in alleged domestic violence incident 0 min readStream free onNewsCyber SecurityCryptocurrencyCyber AttackCrimeSunshine CoastQueensland NewsAustralian Federal Police (AFP)Top HeadlinesHome and Away star reveals battle with ‘invisible’ illness as new guidelines revealed3 min read’Absolute losers’: Elton John slams government over AI plans2 min readSix children among 17 killed in building fire0 min readPope Leo XIV sets tone for his papacy with call for equality3 min readRussia unleashes record drone blitz on Ukraine, killing woman and injuring child2 min readWild police chase after six teens in allegedly stolen car1 min readFrom red to green: The Outback like you’ve never seen it2 min readStrawberries come at a cost — and it’s not just the price2 min readTop HeadlinesHome and Away star reveals battle with ‘invisible’ illness as new guidelines revealed3 min read’Absolute losers’: Elton John slams government over AI plans2 min readSix children among 17 killed in building fire0 min readPope Leo XIV sets tone for his papacy with call for equality3 min readRussia unleashes record drone blitz on Ukraine, killing woman and injuring child2 min readWild police chase after six teens in allegedly stolen car1 min readFrom red to green: The Outback like you’ve never seen it2 min readStrawberries come at a cost — and it’s not just the price2 min readNewsCopy the LinkShare to FacebookEmail UsShare to XPublished: 14 hrs agoUpdated: 14 hrs ago2 min readBeach mansion, Benz and Bitcoin worth $4.5m seized from League of Legends hacker Shane Stephen DuffyThe computer whiz was suspected of stealing 950 Bitcoin, now worth about $150 million.By Demi HuangBeach mansion, Benz and Bitcoin worth $4.5m seized from League of Legends hacker Shane Stephen DuffyThe computer whiz was suspected of stealing 950 Bitcoin, now worth about $150 million.By Demi HuangLuxury assets worth more than $4.5 million have been forfeited after being linked to a previously convicted Queensland hacker.The haul, including a beachfront mansion, a 2019 black Mercedes-Benz sedan, and nearly 25 Bitcoin, was seized in April following a years-long investigation into stolen cryptocurrency and cyber hacking.The AFP-led Criminal Assets Confiscation Taskforce (CACT) secured the forfeiture under proceeds of crime laws, arguing the assets were not in line with any identifiable legitimate income.Know the news with the 7NEWS app: Download today The waterfront home was purchased in 2018 for $1.1 million and is now estimated to be worth about $2 million. Credit: AFPA 2019 black Mercedes-Benz sedan was among the luxury assets forfeited in the cybercrime investigation. Credit: AFPThe assets were linked to Shane Stephen Duffy, a 32-year-old man from Queensland.He had been previously convicted of hacking Riot Games, the US-based gaming company behind the hit video game League of Legends.The CACT investiga