The FBI seized more than $260,000 in assets, including NFTs and cryptocurrencies, according to a forfeiture document released by the agency on February 4.
This document indicates that the FBI seized several assets of Chase Senecal, 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 approximately $221,000 in seized crypto assets, the FBI also seized a non-cryptographic asset: an Audemars Piguet Royal Oak watch worth $41,000.
The watch is not a crypto-asset, but its purchase led directly to the other seizures. Self-proclaimed crypto sleuth ZachXBT, who was responsible for initiating the investigation, noted in a blog post last september that Senecal – also known as Horror (HZ) – likely paid for the watch with cryptocurrency. The purchase of the luxury watch “was directly financed with money stolen from the hacked Twitter accounts”, he wrote in a tweet.
ZachXBT traced a series of blockchain transactions and discovered that the account used to pay for the watch was linked to various hacks. The FBI apparently took notice of its findings fairly quickly, as it seized the items weeks later on October 24, 2022.
ZachXBT posted an update on the case yesterday, February 3. He wrote that he was “very happy” to say the FBI had seized the assets through his original thread.
Earlier statements from ZachXBT indicated that Senecal was involved in a multi-million dollar scheme that compromised over 600 Discord servers and over 12 Twitter accounts. On February 3, he highlighted various accounts affected by the hack, including those belonging to NFT project JRNY Club and host DeeKay Kwon.
The FBI is also involved in several unrelated crypto cases. In January alone, he made headway in cases involving North Korean hacking group Lazarus Group, crypto exchange Bitzlato and Mango Market exploiter Avraham Eisenberg.