<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>A </span><a href="https://www.9news.com.au/queensland" rel="" target="_blank" title="Queensland"><span>Queensland</span></a><span> man has forfeited more than $4.5 million worth of assets including a waterfront mansion, a luxury car, and Bitcoin, after they were identified as suspected proceeds of crime.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>An investigation by the AFP-led Criminal Assets Confiscation Taskforce (CACT) began in September 2018 after authorities were notified by Luxembourg law enforcement about suspicious Bitcoin transactions.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The transactions were linked to a Queensland man previously convicted of hacking a gaming company in the US.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/vodafone-makes-accc-complaint-telstra-network-advertising/0242efe0-90dd-4925-a810-dca734624cfb" rel="" target="_blank" title=""><strong><span>Vodafone makes bombshell Telstra complaint to ACCC</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The investigation identified suspected links between the man and the theft of 950 Bitcoin from a French cryptocurrency exchange in 2013.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>There were no criminal charges laid, however, national proceeds of crime laws allow the CACT to keep suspected proceeds of crime regardless of whether there is a related prosecution.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Last month, the District Court of Queensland ordered the man's assets to be forfeited to the Commonwealth.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/mansion-bitcoin-car-seized-suspected-proceeds-of-crime-afp/9969a8d5-e521-4083-ad19-636f368f7f94" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/erin-patterson-mushroom-poison-trial-enters-final-weeks/c600748a-a521-430d-a458-7b03a58fa8e2" rel="" target="_blank" title=""><strong><span>Mushroom trial enters final weeks</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Since July 2023, the CACT obtained restraining orders over the waterfront home, a 2019 black Mercedes-Benz sedan, and 24.99454224 Bitcoin, saying it was reasonable to suspect they were proceeds of crime.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The CACT said the assets were not commensurate to the man's identifiable legitimate earnings.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>They are estimated to be worth more than $4.5 million, with the Bitcoin worth more than $4 million of that.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Revenue from their sale will be put into a fund that supports crime prevention and law enforcement measures.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Since July 2019, the CACT has restrained more than $1.2 billion in criminal assets, including houses, cars, yachts, cryptocurrency, fine art, and luxury goods.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple App Store</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a><strong><em><span>.</span></em></strong></div></div>