- The FBI has seized two NFTs and 86.5 Ether from an alleged phishing scammer
- On-chain detective ZachXBT tweeted that his investigation resulted in the property seizure
- Items confiscated included luxury items
The FBI has seized two non-fungible tokens (NFTs) and 86.5 Ether from an alleged phishing scammer, Chase Senecal, also known as Horror (HZ), online.
The formal statement from the FBI stated that Seneca’s property, including a $41,000 Audemars Piguet (AP) Royal Oak Watch, was forfeited for violation of federal law.
The FBI’s notification provided a few additional details. Bored Ape Yacht Club#9658 and Doodle #3114 were valued at $95,495 and $9,361, respectively, at the time of confiscation.
The value of the 86.5 ETH at the time of seizure was $116,433. However, it is now $144,000 at the time of writing. At this point, it is unknown what the entire extent of judicial procedures against Senecal has been.
On-chain detective ZachXBT revealed through Twitter that the property confiscation was a direct result of his probe, but the FBI has not yet issued an official acknowledgment.
In other news, Australia’s new crypto regulations are hot and cold. Jim Chalmers, the head of Australia’s treasury, made the statement, stating that the legislation sought to increase the enforcement of cryptocurrency providers and protect customers.
Following the failure of one of the world’s major cryptocurrency exchanges, FTX, resulting in financial losses for many Australian investors, these precautions have been taken.
Currently, Australia allows Binance and FTX to operate as cryptocurrency exchanges. Given what has transpired with FTX and FTX US, concerns have been made regarding the latter’s status and capacity to provide services.
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.