Overview
- The Cybercrime Squad established Strike Force Resaca this month to investigate a digital-asset investment scheme reported to have started in November 2025.
- Detectives executed search warrants on February 20 in Strathfield, Cammeray, and at a Burwood business, seizing electronics and documents.
- A 42-year-old man was charged with recklessly dealing with proceeds of crime over A$5,000 and was granted conditional bail to appear at Burwood Local Court on March 17.
- A 36-year-old detained during the raids was later released pending further inquiries as investigations continue.
- Police allege victims were lured via social media to deposit through NEXOpayment and funds moved through multiple crypto wallets in patterns consistent with laundering, with reported losses around A$5 million.