Kingaroy man charged over $110,000 Bitcoin hacking

A 21-YEAR-OLD Kingaroy man has been charged with a tainted property offence over a substantial amount of Bitcoin he had obtained as a result of computer hacking offences he allegedly committed earlier this year.

The man was charged on March 19 for hacking and fraud offences he committed against the US-based online gaming company's computer network.

Yesterday, members of the Cyber and Identity Crime Group, part of the Fraud and Cyber Crime Group with the assistance of Maryborough Police located the man at a Hervey Bay address.

Police will allege the man had possession of approximately $110,000 worth of Bitcoin (a digital currency) he allegedly obtained from these offences and will now be considered proceeds of crime.

He was charged with tainted property and breach of bail offences and will appear in the Hervey Bay Magistrates Court on 24 July 2014.

Anyone with information which could assist with this matter should contact Crime Stoppers anonymously via 1800 333 000 or 24hrs a day.