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Australian Police Crack $6.4 Million Cryptocurrency Wallet Passphrase

Summary: According to Cryptopolitan, Australian Federal Police have seized a cryptocurrency wallet containing $6.4 million, believed to be proceeds of organized crime. The operation was part of a broader crackdown on encrypted communication networks used by criminal enterprises. Police revealed they cracked the criminals' wallet passphrase and seized a total of $6.4 million. Additionally, police arrested ...

According to Cryptopolitan, Australian Federal Police have seized a cryptocurrency wallet containing $6.4 million, believed to be proceeds of organized crime. The operation was part of a broader crackdown on encrypted communication networks used by criminal enterprises. Police revealed they cracked the criminals' wallet passphrase and seized a total of $6.4 million. Additionally, police arrested 32-year-old Sydney resident Jay Je Yoon Jung, who is accused of developing the highly encrypted communication platform Ghost, tailored for criminal organizations.

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