Australian police seize $6.4 million in crypto after ‘deciphering’ wallet seed phrase

tldr; The Australian Federal Police seized $6.4 million in cryptocurrency by identifying the seed phrase of a crypto account linked to the creator of Ghost, an app used for illegal activities. This operation highlights the AFP’s technical expertise in tackling criminal groups. The seizure is part of Operation Kraken, targeting organized crime associated with the Ghost app, resulting in 46 arrests and the prevention of over 200 kilograms of illicit drugs entering Australia. The AFP emphasizes its commitment to confiscating illegal profits, regardless of their form.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.