Australian Police Seize $6.4 Million in Cryptocurrency Linked to Criminal Organization
Article is form Jinse
October 2, 2024
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The Australian Federal Police (AFP) announced on Tuesday the seizure of $6.4 million worth of cryptocurrency as part of an investigation targeting the mastermind behind the encrypted communication app Ghost, used by organized crime groups.
Jay Je Yoon Jung, a 32-year-old suspect from New South Wales, was arrested on September 17 during "Operation Kraken" and now faces multiple charges, including supporting a criminal organization. Authorities will transfer the seized funds to secure storage.
The assets will be restrained under the Proceeds of Crime Act 2002, which aims to disrupt criminal networks by confiscating illicit property.
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