The Australian Federal Police (AFP) announced on Tuesday that they had seized $6.4 million worth of cryptocurrency as part of an investigation targeting the masterminds 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 in "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.