Key Takeaways:
- Australian police dismantled a crime syndicate linked to stolen cryptocurrency ATMs and trading cards worth tens of thousands of dollars.
- Four suspects were arrested, with one facing 14 counts of commercial burglary and firearm offenses.
- Authorities believe the suspects are connected to Middle Eastern Organized Crime Syndicates, and investigations are ongoing.
Australian police have dismantled a crime syndicate responsible for stealing cryptocurrency ATMs and valuable trading cards across Melbourne.
Since mid-January, the group allegedly stole six crypto ATMs and tens of thousands of dollars’ worth of Pokémon, Yu-Gi-Oh, and Magic: The Gathering cards.
Police have dismantled an organised crime syndicate allegedly involved in a series of commercial burglaries targeting crypto ATMs and collector cards across Melbourne’s north west. pic.twitter.com/Y4jVw29XoH
— Victoria Police (@VictoriaPolice) February 16, 2025
During their investigation, authorities uncovered a stash of stolen goods, including firearms, 100 car keys, a pill press machine, and power tools.
Police believe the criminals used stolen vehicles to execute their crimes.
Four men were arrested in connection with the burglaries. One suspect faces 14 counts of commercial burglary, handling stolen property, and firearm offenses, with a court hearing set for May 2.
Another individual was charged with multiple commercial burglaries, vehicle theft, and weapon possession, with a hearing scheduled for Feb. 21.
Two other suspects were released pending further investigation.
Authorities suspect the arrested individuals were acting under the direction of a larger organized crime group.
Detective Inspector Patrick Watkinson stated that police have identified both the lower-level offenders and their ties to Middle Eastern Organized Crime Syndicates.
The investigation remains ongoing as police work to uncover further connections within the criminal network.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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