PANews reported on October 31 that, according to Cryptopolitan, Australian Federal Police have seized a cryptocurrency wallet containing $6.4 million, believed to be proceeds of organized crime. This operation is part of a broader crackdown on encrypted communication networks believed to be used by criminal corporations. The Australian Federal Police revealed that they deciphered the mnemonic phrase of the criminal wallet and seized a total of $6.4 million. In addition, police arrested 32-year-old Sydney resident Jay Je Yoon Jung, who is accused of developing the highly encrypted communication platform Ghost. Police stated that the platform was specifically designed for criminal organizations.PANews reported on October 31 that, according to Cryptopolitan, Australian Federal Police have seized a cryptocurrency wallet containing $6.4 million, believed to be proceeds of organized crime. This operation is part of a broader crackdown on encrypted communication networks believed to be used by criminal corporations. The Australian Federal Police revealed that they deciphered the mnemonic phrase of the criminal wallet and seized a total of $6.4 million. In addition, police arrested 32-year-old Sydney resident Jay Je Yoon Jung, who is accused of developing the highly encrypted communication platform Ghost. Police stated that the platform was specifically designed for criminal organizations.
Australian police have cracked the mnemonic phrase of a $6.4 million cryptocurrency wallet.
2025/10/31 09:15
PANews reported on October 31 that, according to Cryptopolitan, Australian Federal Police have seized a cryptocurrency wallet containing $6.4 million, believed to be proceeds of organized crime. This operation is part of a broader crackdown on encrypted communication networks believed to be used by criminal corporations. The Australian Federal Police revealed that they deciphered the mnemonic phrase of the criminal wallet and seized a total of $6.4 million. In addition, police arrested 32-year-old Sydney resident Jay Je Yoon Jung, who is accused of developing the highly encrypted communication platform Ghost. Police stated that the platform was specifically designed for criminal organizations.
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