Australia's Police Confiscates Crypto Worth $6.4M in Crackdown on 'Ghost' Messaging App
Summary
Australia's police seized $6.4 million in cryptocurrency during a global crackdown on Ghost, an encrypted communications network allegedly used by criminals. Jay Je Yoon Jung, the alleged mastermind, was arrested in Sydney. The seized cryptocurrency is in secure storage, with authorities seeking its forfeiture. Operation Kraken, unrelated to the Kraken cryptocurrency exchange, involved 700 AFP members executing 93 search warrants, arresting 46 people, intervening in 50 threats to life, and seizing 30 illicit weapons and 200 kg of drugs.
