FBI Seizes $260K In Assets Including ETH, Bored Ape After ZachXBT Tip

The FBI has seized more than $260,000 in assets, including NFTs and cryptocurrencies, according to a seizure document released by the agency on February 3. 4.

That document says the FBI seized several assets from Chase Senical, a resident of Brunswick, Maine. The agency seized 86.5678 ETH ($116,433) and two NFTs: Bored Ape Yacht Club #9658 ($95,495) and Doodle #3114 ($9,361).

In addition to the nearly $221,000 in crypto assets seized, the FBI also seized one non-crypto asset: a $41,000 Audemars Piguet Royal Oak Watch.

The watch is not a crypto asset, but its purchase led directly to other outbursts. ZachXBT, responsible for initiating the investigation, indicated in a blog post last September that Senecal — also known as Horror (HZ) — had paid for the watch in cryptocurrency. He wrote in his book that the purchase of the luxury watch “was funded directly with money stolen from the hacked Twitter accounts.” One tweet.

ZachXBT tracked a series of blockchain transactions and found that the account used to pay for the watch was linked to multiple hacks. The FBI appears to have noticed its findings fairly quickly, seizing the items weeks later in October. 24, 2022.

ZachXBT posted an issue update yesterday, February 3. He wrote that he was “very happy” to say that the FBI seized the assets thanks to his original lead.

Previous statements from ZachXBT indicated that Senecal was involved in a multi-million dollar scheme that led to the hacking of more than 600 Discord servers and more than a dozen Twitter accounts. in feb. In #3, he highlighted several accounts affected by the hack, including those of the NFT JRNY Club project and animator DeeKay Kwon.

The FBI is also involved in several unrelated cryptocurrency cases. In January alone, it made progress on matters relating to North Korean hacking group Lazarus Group, Bitzlato, and Mango Market scalper Avraham Eisenberg.