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       #Post#: 81--------------------------------------------------
       Australia police confiscate crypto currency worth 1million
       dollar with help of FBI
   DIR By: guest7
       Date: October 30, 2021, 8:35 am
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       The Australian Federal Police (AFP) has confirmed that the
       Supreme Court of New South Wales has ordered the forfeiture of
       cryptocurrency belonging to a convicted hacker. “The amount of
       cryptocurrency forfeited, more than $1.2 million, is the largest
       Commonwealth forfeiture of cryptocurrency,” the AFP said.
       ‘Largest Commonwealth Forfeiture of Cryptocurrency’
       The Australian Federal Police (AFP) announced Friday that a
       convicted hacker “has been ordered to forfeit more than $1.66
       million [Australian dollars] in cryptocurrency and cash to the
       Commonwealth.”
       The 23-year-old Sydney offender pleaded guilty to various
       criminal offenses in October last year. The AFP-led Criminal
       Assets Confiscation Taskforce (CACT) “obtained restraining
       orders over cryptocurrency plus bank and Paypal accounts held in
       false names, but suspected to be controlled by the man,” the AFP
       explained.
       The Supreme Court of New South Wales ordered the forfeiture of
       his 1.66 million Australian dollars to the Commonwealth
       Confiscated Assets Account last week, including more than AU$1.2
       million (US$902,276) in cryptocurrency. The AFP detailed:
       The amount of cryptocurrency forfeited, more than $1.2 million,
       is the largest Commonwealth forfeiture of cryptocurrency.
       The funds will be redistributed by Minister for Home Affairs
       Karen Andrews to support crime prevention, law enforcement, and
       community safety-related initiatives, the announcement
       describes.
       The Australian man conspired with a man in the U.S. “to steal
       the log-ins and passwords of streaming service customers and
       then sold them online at a cheaper rate,” the AFP added.
       According to reports, the Sydney man’s name is Evan McMahon. His
       accomplice in the U.S. was Samuel Joyner.
       The investigation began after the U.S. Federal Bureau of
       Investigation (FBI) referred information to the AFP in May 2018
       about an account generator website that sold stolen account
       details for online subscription services, including Netflix,
       Spotify, and Hulu.
       AFP cybercrime investigators subsequently executed a warrant at
       the Sydney man’s home and seized cryptocurrency and various
       evidence. He was handed a two year and two month sentence in
       April.
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