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Where’s Australia’s crypto king? Hibernating in his clifftop castle

Where’s Australia’s crypto king? Hibernating in his clifftop castle

Finder founder Fred Schebesta plays domestic dad as he waits out the cryptocurrency winter and outcome of a lawsuit with the corporate regulator. From the upcoming Rich List issue out on May 26.

Aleks VickovichWealth editor

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From the street, Australia’s so-called Crypto Castle is quite the local landmark. Perched atop the South Coogee cliffs in Sydney’s east, between salt-crusted and red-brick houses, the Renato D’Ettorre-designed stone and concrete structure features a castellated roof and a turret-like belvedere. The hybrid Porsche Panamera 4 and vintage Suzuki motorcycle parked in the drive add to the vibe.

I peer through an archway carved into the castle walls and see a group of models posing for the camera as hangers-on mill about a moat-like swimming pool and DJ booth. “I’m looking for Fred Schebesta,” I inquire of the young woman seemingly in charge. “Who the f--- is that?” she glares back, looking up briefly from her screen-scrolling, before barking a few orders to the assorted glitterati.

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Aleks Vickovich
Aleks VickovichWealth editorAleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com

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Original URL: https://www.afr.com/rich-list/where-s-australia-s-crypto-king-hibernating-in-his-clifftop-castle-20230403-p5cxp8