Former Australian Rugby Star Involved in Crypto Theft

Former Australian Rugby Star Caught for Crypto Theft

5 November 2025 at 13: 18

Reading time: 2 minutes

The recent arrest of former Australian rugby star Trent Merrin has caused a stir in the crypto community. Merrin, who was accused of dishonestly obtaining a financial advantage by deception, allegedly was involved in the theft of as much as AUD 91.000 (approximately USD 140.000) in cryptocurrency. This news comes amid a period in which Australian authorities are significantly strengthening their enforcement of regulations regarding digital currencies.

Despite his status as a former elite athlete, Merrin appears to have become entangled in the dark side of the crypto world. After a year-long investigation by police, Merrin was arrested Tuesday morning at his Barrack Point home. The investigation focused on the suspicious transfer of crypto funds from the account of a 29-year-old man. During the search, several electronic devices were seized for forensic analysis, which could be crucial evidence in this case.

A Career Outside the Sports Field

After retiring from the National Rugby League (NRL) in 2021, following an impressive 250-game career, Merrin has pursued various business ventures, including investments in the cryptocurrency and wellness sectors. His LinkedIn profile describes him as a "dedicated entrepreneur and investor who is passionate about crypto, blockchain and the health and wellness industry.” This indicates a strong engagement in innovative projects since 2015.

Merrin founded Freeze Yourself in January 2023, a therapy service focused on cold immersion, which responds to the growing demand for wellness initiatives. He has also acted as an angel investor through Merrin Investments, with several investments through 2025.

Enhanced Enforcement of Crypto Regulations in Australia

Merrin's arrest is indicative of Australian authorities' intensified efforts to crack down on crypto-related crimes. In July of this year, the Australian Transaction Reports and Analysis Centre (AUSTRAC) declared crypto a top threat within its financial crime priorities. Chief Executive Officer, Brendan Thomas, spoke of the “most ambitious reform of Australia's anti-money laundering legislation in a generation.”

It's understandable why regulators are concerned about digital currencies. The cross-border potential and speed of global transfers make crypto attractive to financial criminals. These developments underscore the importance of a well-regulated environment, not only for investor protection but also for maintaining the integrity of the crypto market as a whole.

Frequently Asked Questions

What are the main allegations against Trent Merrin?
Merrin is accused of dishonestly obtaining money through deception, specifically by unauthorizedly transferring cryptocurrency from a victim's account.

How is Australia responding to the rise in crypto-related crime?
Australian authorities are stepping up their enforcement against crypto crimes, as evidenced by AUSTRAC's statement designating crypto as a top threat. This has led to a review of the country's anti-money laundering laws.

What business activities has Merrin pursued after his rugby career?
After retiring, Merrin focused on entrepreneurship in the crypto and wellness sectors, including founding 'Freeze Yourself', a company focused on cold immersion therapeutic services.

Share this article:

Disclaimer: The information on Block 9 is for general informational and educational purposes only. While we strive to provide up-to-date, correct and relevant content, we make no warranties as to the completeness, accuracy or reliability of the information provided. All content on this website, including articles, analyses, opinions and other publications, is for general information purposes only and does not constitute professional or legal advice in any way, including but not limited to financial, investment or tax advice.

Block 9 makes no guarantees or representations as to any possible results or returns that may arise from the use of information on this website. Nothing on this website should be interpreted as a recommendation to buy, sell or hold any particular asset, including but not limited to cryptocurrencies, tokens or other financial instruments.

The opinions and views expressed in contributions by editors, external authors or community members are strictly personal and do not necessarily represent the views or policies of Block 9 as a platform. Block 9 accepts no liability for any loss or damage – direct or indirect – resulting from the use of (or reliance on) the information published on this website.

Investing in cryptocurrencies and other digital assets involves significant risks. The value of such assets can fluctuate significantly, and there is a chance that you could lose (some of) your investment. We strongly recommend that you always do your own research (DYOR) and seek independent advice from a qualified financial advisor before making any financial decisions. By using this website, you agree to this disclaimer and accept that Block 9 is not responsible for your investment choices or the results thereof.