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.
Read CRYPTONEWSLAND onThe 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.
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