Australian authorities have dismantled a major crime syndicate responsible for a string of high-profile thefts targeting cryptocurrency ATMs and collectible card stores. The bust led to the discovery of an "Aladdin’s cave" of stolen goods, including firearms, car keys, power tools, and rare trading cards.

Since mid-January, the syndicate allegedly carried out multiple burglaries across Melbourne, stealing six cryptocurrency ATMs and tens of thousands of dollars worth of Pokemon, Yu-Gi-Oh, and Magic: The Gathering cards. Detectives believe the group used stolen vehicles to execute their crimes.

Four men have been arrested. One suspect faces 14 burglary charges linked to crypto ATMs and game stores, along with handling stolen goods and possessing firearms. He is set to appear in court on May 2. Another suspect, charged with five commercial burglaries and illegal possession of weapons, is due in court on Feb. 21. Two others were released as investigations continue.

Detective Inspector Patrick Watkinson revealed that authorities had identified both lower-level criminals supplying stolen goods and the organized crime syndicate orchestrating the thefts. The group is believed to have ties to Middle Eastern organized crime networks.

The bust highlights Australia’s growing role in the crypto ATM market. Coin ATM Radar reports that the country now ranks third globally, boasting over 1,462 Bitcoin ATMs, a sharp increase from just 67 in mid-2022. While Australia’s crypto ATM presence continues to rise, the United States dominates the market with 29,740 machines, followed by Canada with 3,074.

The investigation remains ongoing, with police tracking possible links to broader criminal networks.