Australian rugby star detained over crypto theft

Retired Australian rugby league star Trent Merrin was arrested and charged over the alleged theft of over $100,000 worth of crypto, after a year-long police investigation. 36-year-old Merrin was taken into custody by detectives at his Barrack Point home in the Illawarra region on Tuesday morning in the presence of an unidentified female ￰0￱ footage from local news outlets shows Merrin was all smiles as he received the investigators at his home, before turning somewhat bereft after being shown a search and arrest ￰1￱ to the New South Wales Police’s statement on the arrest, Merrin faces charges of dishonestly obtaining a financial advantage by ￰2￱ rugby legend Trent Merrin arrested after 12-month investigation Reports from the Australian Broadcasting Corporation indicate that the Orana Mid Western Police District initiated the ￰3￱ follows a complaint from an unnamed 29-year-old man who alleged that his crypto account had been accessed without his permission.

Merrin, the former St George Illawarra Dragons and Penrith Panthers powerhouse, is being accused of accessing the victim’s digital wallet and transferring approximately $140,000 worth of crypto assets ￰4￱ Merrin’s Barrack Point residence, several of his electronic devices were seized for forensic examination as he was escorted to a police vehicle to be taken to Lake Illawarra Police Station for ￰5￱ Sports news later confirmed that he was granted conditional bail and is scheduled to appear before Port Kembla Local Court on December ￰6￱ accused former ARL star hung his professional rugby boots in April 2021 after a 15-year career in the National Rugby League (NRL) and an appearance tally north of ￰7￱ made hits at the forward position during his time with the 2010 premiership champions, Illawarra Dragons, the Panthers, and English club Leeds ￰8￱ bidding goodbye to his rugby career, Merrin became a self-proclaimed “dedicated entrepreneur and investor with a passion for crypto.” The 36-year-old had started and managed Merrin Investments years before his retirement, which reportedly backed projects in web3 and ￰9￱ police crackdown on crypto crime Merrin’s arrest coincides with a broader crackdown on cryptocurrency-related offenses in ￰10￱ last week, the Australian Federal Police (AFP) announced it had successfully unlocked a cryptocurrency wallet containing $5.9 million after a data scientist deciphered an encrypted numerical sequence, Cryptopolitan ￰11￱ Commissioner Krissy Barrett surmised that the operation was executed by a specialist referred to within the agency as a “crypto safe cracker.” Investigators contacted the safe cracker after finding password-protected notes on a suspect’s mobile phone with an image of random numbers and words in an unusual ￰12￱ AFP’s digital forensics unit analyzed the data and determined a sequence linked to a crypto wallet, but the perpetrator refused to surrender his access ￰13￱ prompted the security agency to invoke Australia’s digital disclosure laws under which they would face a prison term of up to ten years for refusing to provide the information.

“There are decentralized online crime networks and loosely affiliated individuals in Australia and offshore who are glorifying crime online, such as sadistic online exploitation, cyber-attacks and ￰14￱ crimes are now spilling into the real world and have real world consequences,” Barrett said in a public ￰15￱ added that many of these groups, referred to as “crimefluencers” lack centralized hierarchies or coherent ideologies but are unified by nihilistic and extremist motivations. “They are prolific and are attracted to violent extremism, nihilism, sadism, Nazism, and ￰16￱ are motivated by anarchy and hurting others, with most of their victims pre-teen or teenage girls,” Barrett ￰17￱ ready market for more crypto activity Australia’s financial intelligence agency, AUSTRAC , believes cryptocurrency is one of the country’s top financial crime ￰18￱ July, the agency enacted “the most ambitious overhaul of Australia’s anti-money laundering laws in a generation.” Some of the law changes approved include stricter oversight of crypto exchanges, wallet providers, and decentralized finance (DeFi) platforms, closing regulatory gaps authorities insist criminals are likely to ￰19￱ your strategy with mentorship + daily ideas - 30 days free access to our trading program