The Australian Federal Police (AFP) have seized luxury assets linked to a hacker who was convicted of cybercrime offenses. According to reports, authorities seized assets worth $4.5 million, including a beachfront mansion, luxury cars, and Bitcoin, from the convicted individual. According to reports, the individual, 32-year-old Shane Duffy, from Queensland, saw millions worth of those assets seized after a lengthy investigation into his illegal activities. He was apprehended on charges of stealing digital assets and cyber hacking. The authorities seized Duffy’s beachfront home back in April. In addition, the Criminal Assets Confiscation Taskforce (CACT) of the AFP also seized a 2019 black Mercedes-Benz sedan and about 25 Bitcoins. AFP seizes assets worth $4.5 million from hacker According to reports, Duffy was suspected of carrying out the theft of about 950 bitcoins from a French crypto exchange in 2013. The assets are now worth about $150 million. Before then, he had been convicted of hacking Riot Games, the US company behind the popular video game League of Legends. In 2018, the CACT initiated an investigation after AUSTRAC was alerted to the development by authorities in Luxembourg about his suspicious bitcoin transactions. However, the authorities have yet to bring up criminal charges in connection with the alleged theft. Meanwhile, they have been able to halt the suspected proceeds of the alleged crime under federal laws, even without a prosecution. Authorities were able to secure the restraining order for the assets obtained in 2019, and they were subsequently forfeited in April. According to the AFP, the assets include a waterfront mansion in Beachmere, Queensland’s Moreton Bay region, which was purchased at about $1.1 million, and is now estimated to be worth about $2 million. The authorities added that the property was held in the suspect’s mother’s name. CACT has seized criminal assets worth $1.2 billion After the sale of the seized properties, the proceeds are expected to be transferred into a special fund that assists crime prevention and law enforcement initiatives. The AFP says it is still committed to confiscating alleged proceeds to disrupt the activities of criminals and cybercrime. AFP Commander Jason Kennedy highlighted the law backing the seizure. “The Proceeds of Crime Act provides law enforcement agencies with unique powers to restrain and forfeit instruments and proceeds of crime,” he said. He added that criminals are driven by greed, and unfortunately it is law-abiding Australians and businesses who end up losing their hard-earned money to these cybercriminals. “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 reinvested in the community,” he said. According to reports, the CACT has seized criminal assets worth over $1.2 billion since 2019. These assets include houses, cars, fine art, luxury items, and digital assets. According to court documents obtained by the media, Duffy allegedly accumulated more than $32,000 in 2013 through the sale of access to inactive League of Legends accounts. The suspect was said to have hacked the X account of Riot Games president Marc Merrill to promote the illegal operation and allegedly partnered with another hacker to disrupt matches on the platform by disconnecting players. Riot Games mentioned the hack resulted in the loss of hundreds of thousands of dollars. In 2016, Duffy was sentenced to two-and-half years in prison, a term he served after pleading guilty in Brisbane District Court. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Bitcoin's iron-clad support has now topped the $47,000 level amid a new rally
XRP Coin approaches the $104,000 threshold with significant developments on the horizon. Factors driving XRP's rise include acquisitions, ETF applications, and SEC resolutions. Continue Reading: XRP Coin Surges with a Bold Price Projection The post XRP Coin Surges with a Bold Price Projection appeared first on COINTURK NEWS .
TrumpCoin sparked the rise of politically-themed meme coins. It proved that bold narratives and strong branding can create major market momentum. But the early window has closed for most investors—and attention is now shifting to the next major player : MAGACOIN FINANCE . From launch, MAGACOIN FINANCE started gaining traction across Telegram, X, and meme coin circles. It isn’t just copying what TrumpCoin did—it’s bringing a refined model: tighter tokenomics, smarter rollout, and upgraded branding. And this time, retail buyers are moving fast. CLICK HERE – 2025’S BIGGEST LAUNCH IS LIVE MAGACOIN FINANCE Is Capturing the Momentum TrumpCoin Left Behind The token is establishing its own identity—patriotic, meme-driven, and engineered for high ROI potential. With a listing price target of $0.007 , and analysts projecting 25x to 35x upside , early movers are locking in now before the next round of hype hits. Unlike post-peak meme tokens, MAGACOIN FINANCE is still early. And that’s what today’s traders want— the ground floor of the next big narrative . Analysts Say MAGACOIN FINANCE Is a Smarter Play Than Ever According to several market watchers, MAGACOIN FINANCE is checking all the boxes that define a breakout political meme coin: Low early-stage entry window Clear, bonus-backed ROI structure Surging community growth Wider appeal beyond just one niche group This isn’t nostalgia. It’s positioning —and MAGACOIN FINANCE is emerging as 2025’s most strategic political meme entry . PRICE COULD SKYROCKET 35x FROM HERE – ACT NOW MAGACOIN FINANCE Is Growing—Not Fading While other meme tokens flash and disappear, MAGACOIN FINANCE is accelerating. From rising wallet count and viral threads to increased on-chain activity, it’s now appearing on major radar screens. This is what made TrumpCoin’s first wave exciting. But MAGACOIN FINANCE is building with modern structure, media traction, and long-term roadmap clarity —making it 2025’s most likely meme-sector breakout. Conclusion: A Second Chance at Political Meme ROI TrumpCoin made headlines. MAGACOIN FINANCE is building momentum. With stronger fundamentals, clearer execution, and massive upside, this could be the political token of the year . To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Presale: https://magacoinfinance.com/presale Twitter/X: https://x.com/magacoinfinance Continue Reading: TrumpCoin Faded Fast — MAGACOINFINANCE Captures 2025 Momentum as XRP Traders Look for What’s Next
Is this a real breakout in the making – or just another liquidity trap? Cardano showed a strong structural setup forming beneath the surface. It’s notorious for forming bull flags
Is this a real breakout in the making - or just another liquidity trap?
The Ethereum price performance in the month of May has been nothing short of outstanding, surging by more than 35% in the past two weeks. After making a strong run toward the $2,700 mark on Tuesday, May 13, the altcoin’s price has struggled to build on its momentum over the past few days. The price of ETH did manage to stay above the $2,500 mark over the past week, bouncing back from the psychological level on Thursday, May 15. However, the recent struggles seem to have compounded over the weekend, with the Ethereum price losing the $2,500 level to end the week. The Next Support Cushion For ETH Price Prominent crypto analyst Ali Martinez took to the social media platform X to share an interesting on-chain outlook on the price of Ethereum and its latest lack of bullish momentum. Following the dip of ETH beneath the $2,500 mark, the online pundit has identified the altcoin’s next significant support level. Related Reading: Bitcoin Options Market Signals Further Upside Potential For BTC Price: New ATH Soon? This evaluation revolves around the average cost basis of several Ethereum investors. Cost-basis analysis basically measures the ability of a price level to act as support or resistance — based on the total amount of coins last purchased by investors at this level. As shown in the chart above, the size of the circles directly corresponds with the quantity of ETH tokens bought within each price zone and the region’s significance as support or resistance. In essence, the bigger the dot, the higher the number of tokens, and the stronger the support or resistance; the green dots are support (as they are usually below the current price), while the red dots represent resistance (as they are above the asset price). Data provided by Sentora (formerly IntoTheBlock) shows that the Ethereum price has key support around the $2,354 – $2,430 zone, where 2.64 million addresses purchased 63.9 million tokens (worth $153.04 billion at an average price of $2,395). As Martinez highlighted, this price bracket would serve as an on-chain cushion for the ETH price, as investors with their cost bases around the level would likely defend their positions by buying more tokens if the price falls toward $2,400. The fresh buying pressure around this price region would help counter the downward pressure, thereby keeping the Ethereum price afloat. The highlighted chart shows that it is all clear blue skies for the price of Ethereum, with no significant resistance lying ahead. However, the altcoin will need to hold above the $2,400 level, or it risks falling to as low as $2,200. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $2,480, reflecting a 0.7% increase in the past 24 hours. According to data from CoinGecko, the altcoin is down by nearly 4% on the weekly timeframe. Related Reading: Ethereum Faces Resistance Against Bitcoin – ETH/BTC Bullish Structure In Question Featured image from iStock, chart from TradingView
In a recent statement, prominent cryptocurrency expert Willy Woo highlighted a significant evolution in the Bitcoin market dynamics. He emphasized that the monumental growth rates observed in past years are
Economist Saifedean Ammous has sparked debate on Bitcoin spam, proposing funding for a developer to combat rising transaction costs and inefficiencies. Amidst ongoing discussions, Ammous emphasizes the need for effective
Dogecoin could be finally ready for surge if this resistance is broken