Man’s assets restrained following alleged crypto theft

A group of people allegedly used stolen cryptocurrency to buy exotic cars, luxury handbags, watches and clothing, among other items. File photo supplied Traxer on Unsplash

Police have restrained more than $650,000 in assets following the arrest of a man in Auckland last Friday as part of a Federal Bureau of Investigation inquiry.

Detective Inspector Christiaan Barnard says the Wellington-based man appeared in the Auckland District Court on Friday for his alleged involvement in an organised criminal group that stole cryptocurrency valued at $450 million from seven victims.

“The Wellington High Court has now issued restraining orders under the Criminal Proceeds (Recovery) Act 2009 for assets valued at $670,000 including cash…

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