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League of Legends Hacker Loses $2.8 Million in Crypto and Assets to AFP

Key Takeaways

  • Nearly 25 Bitcoin, a waterfront home, and a Mercedes were seized by the AFP from Shane Stephen Duffy;
  • Duffy’s assets were taken after a court found no legal source for the funds used to buy them;
  • The proceeds from the seizure will fund crime prevention and law enforcement efforts in Australia.

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League of Legends Hacker Loses $2.8 Million in Crypto and Assets to AFP

The Australian Federal Police (AFP) confiscated nearly 25 Bitcoin BTC $103,690.63 , a beachside mansion, and a Mercedes-Benz from Shane Stephen Duffy, a man from Queensland.

According to a May 18 statement by AFP’s Criminal Assets Confiscation Taskforce, these assets are worth about 4.5 million Australian dollars, or around 2.88 million US dollars.

This case began in September 2018, when law enforcement in Luxembourg sent details to Australia about suspicious Bitcoin transfers. The AFP later connected the transactions to a Queensland man with a past criminal record.

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According to local news outlet 7NEWS, Duffy's earlier charges were related to selling private data from the game League of Legends.

Although no new criminal charges were filed, the AFP asked a court to approve the seizure of the assets. In April, the court ruled that the man’s property, vehicle, and cryptocurrency had no clear link to legal income.

Commander Jason Kennedy from the AFP explained that the agency has the legal authority to take items it believes are tied to criminal activity. He noted that money gained from illegal actions is often used to support other offences.

The AFP also stated that all proceeds from the seized assets will be placed in a special fund, which is used to support public safety programs and to help law enforcement agencies across Australia.

On May 15, US authorities announced charges against a group of teenagers accused of stealing $263 million in crypto and spending it on cars, nightclubs, and private jets. How did the case unfold? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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