A $16 million Coffs Harbour trophy home owned by the father of crypto casino mogul Ed Craven burned down in a fire described by police as "suspicious".

A $16 million Coffs Harbour trophy home owned by the father of crypto casino mogul Ed Craven burned down in a fire described by police as "suspicious".

Police are investigating a fire at the 15-bedroom, 15-bathroom compound that the family hoped to renovate at a cost of $30 million.