FBI Hauls Two NFTs Worth Over $100K From A Phishing Scammer

How Did The FBI Get Hold of The NFTs?

The FBI’s notification did not detail much other information about the crime apart from noting that all of the property was seized on Oct. 24. The exact NFTs in question are Bored Ape Yacht Club #9658 and Doodle #3114, and their respective market values at the time of seizure were $9,361 and $95,495. At the time of seizure, the 86.5 ETH were worth $116,433, but at the time of writing, they are worth $144,000.

At this point, it is unclear how extensive the legal actions brought against Senecal have been. Federal forfeiture, on the other hand, allows the government to “remove—without compensation for the individual—ownership of property engaged in a crime,” according to the FBI’s law enforcement bulletin.

ZachXBT's Role in Senecal's Arrest

ZachXBT reported through Twitter on February 3 that the property confiscation did come as a result of his inquiry, even though the FBI has not publicly credited him.

ZachXBT noted in a Medium article dated September 2 that after watching Horroz (HZ) bragging about the new watch online, he asked about a few mutual acquaintances who sell watches and eventually succeeded in getting in touch with the individual who sold that particular AP watch to Senecal. Unfortunately for Senecal, it was claimed that the payment was made on the blockchain using USD Coin.