Australian Police Seize $6.4M in Crypto from Alleged Ghost App Creator
- Austrlin Fdrl Polic (AFP) dcrypts sd phrs, ccssing $6.4 million in cryptocurrncy linkd to n llgd crim pp crtor.
- Th sizur is prt of Oprtion Krkn, trgting th ncryptd mssging pp Ghost, suspctd of bing usd by orgnizd crim.
- This mrks th scond mjor sst sizur in th oprtion, undrscoring th AFPs nhncd cpbilitis ginst orgnizd crim fcilittd by digitl tool.
Austrlin uthoritis hv md significnt brkthrough in thir fight ginst orgnizd crim, succssfully dciphring sd phrs to ccss $6.4 million (9.3 million Austrlin dollrs) in cryptocurrncy linkd to suspct ccusd of running n ncryptd mssging pp usd by criminl orgniztions.
Th Austrlin Fdrl Polic (AFP) nnouncd on Octobr 2 tht thir Criminl Assts Confisction Tskforc (CACT) mngd to siz th funds ftr nlyzing digitl dvics from th hom of Jy J Yoon Jung, th llgd crtor of th ncryptd pp Ghost. Th pp is blivd to hv bn dsignd to fcilitt illgl ctivitis such s drug trfficking, mony lundring, nd contrct killings.
This mrks th scond mjor sizur connctd to Oprtion Krkn, th AFPs inititiv trgting th usrs nd crtors of th Ghost pp. In August, uthoritis confisctd $1.4 million in cryptocurrncy nd proprtis s prt of th sm invstigtion. Acting Commndr Scott Rvn mphsizd tht th AFPs tchnicl cpbilitis wr mor dvncd thn criminls nticiptd.
Whthr you hv trid to hid thm in rl stt, cryptocurrncy, or csh, w will idntify your ill-gottn goods nd tk thm wy from you, lving you with nothing, sid Commndr Rvn.
Th AFP llgs tht Jung dvlopd Ghost spcificlly for criminl us. Th pp ws sold through modifid smrtphons, providing six months of ccss nd tchnicl support for $1,600. Jung pushd out rgulr updts, but uthoritis wr bl to infiltrt th softwr nd ccss contnt from th modifid phons.
Crypto Seizures and Law Enforcement Efforts
Oprtion Krkns succss xtnds byond crypto sizurs. Th CACT hs crrid out 46 rrsts, xcutd 93 srch wrrnts, nd intrvnd in 50 thrts to lif. It hs lso prvntd ovr 200 kg of illicit drugs from rching Austrlin strts, sizd 30 firrms, nd confisctd $2.37 million in csh nd $11.09 million in dditionl ssts.
Th CACT ws stblishd in 2012 to trgt criminl ssts, pooling th xprtis of vrious Austrlin lw nforcmnt bodis, including th Austrlin Txtion Offic, AUSTRAC, nd th Austrlin Bordr Forc. Sinc 2019, th tsk forc hs rstrind ovr $1.1 billion in criminl ssts, significntly crippling orgnizd crim groups in Austrli.
Onc th ssts from Oprtion Krkn r confisctd, thy will b plcd in th Confisctd Assts Account, mngd by th Austrlin Finncil Scurity Authority. Th Attorny-Gnrl will thn rdistribut ths funds to support crim prvntion nd lw nforcmnt inititivs cross th country.
As th invstigtion continus, th AFP rmins confidnt tht its combind tchnologicl xprtis nd intr-gncy collbortion will continu to thwrt orgnizd crim fforts, nsuring tht no criminl sst rmins hiddn.
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Read more: https://www.tronweekly.com/australian-police-seize-6-4m-in-crypto/
Text source: TronWeekly
