The Australian Federal Police (AFP) and its Criminal Assets Confiscation Taskforce (CACT) have seized $9.3 million AUD ($6.4 million USD) in cryptocurrency as part of its investigation (Operation Kraken) into the alleged mastermind behind Ghost, the dedicated encrypted communication platform.
The AFP-led Criminal Assets Confiscation Taskforce (CACT) has successfully restrained $9.3 million in cryptocurrency as part of an investigation into the alleged mastermind behind Ghost, the dedicated encrypted communication platform.https://t.co/GwYKhHqH9m
— AFP (@AusFedPolice) October 1, 2024
32-Year-Old Arrested And 7 Figures In Crypto Seized Following Analytics Specialists Cracked Multiple Seed Phrases
The huge crypto bust also saw the arrest of a 32-year-old suspect, Jay Je Yoon Jung, from New South Wales. The man from Narwee was arrested on September 17 as part of AFP Operation Kraken and charged with five offenses, including supporting a criminal organization.
The illicit assets were secured after an analytics specialist within the CACT team deciphered the wallet’s seed phrase following analysis of digital devices recovered from the suspect’s home in Narwee, New South Wales.
This decryption of the seed phrases allowed AFP to access the digital assets. These assets have since been transferred into secure AFP cryptocurrency storage.
The cryptocurrency has been seized under the Commonwealth Proceeds of Crime Act 2002. This seizure, linked to AFP’s Operation Kraken, comes after the CACT restrained assets linked to a syndicate in Western Australia last month.
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Australian Federal Police Send A Stern Warning To Crime Syndicates
AFP acting Commander Scott Raven said organized crime groups who attempt to hide the profits of their illicit activities would find the AFP one step ahead.
Raven said, “The restraint of these assets shows the technical capabilities and powers that the AFP, and our partners through the CACT, are able to bring to bear on organized crime.”
In a clear warning to would-be criminals, the acting Commander finished his statement by saying, “Whether you have tried to hide them in real estate, cryptocurrency, or cash, we will identify your ill-gotten goods and take them away from you, leaving you with nothing.”
AFP’s Results: Operation Kraken So Far – In a Snapshot
Overall, looking at the AFP operation, here’s the results so far:
- 46 arrests across 93 search warrants
- Intervening in 50 threats to life/threats to harm
- Preventing more than 200kg of illicit drugs from harming the Australian community
- Seizing 30 illicit firearms/weapons
- $2.37m in cash seized
- $11.09m in assets restrained
BONUS: MemeBet Casino Presale Raises $350,000 As Investors Look To Secure A Slice Of The Upcoming Airdrop
The MemeBet ($MEMEBET) token presale is gaining some serious steam. It’s building the world’s first meme coin casino and looks to be a serious rival to the market leader, Rollbit.
The presale has already raised over $350,000, marking a significant milestone in its journey to becoming a leading GambleFi project. It will be built with degens in mind. Users will have access to a wide range of traditional and non-traditional casino games. The platform will also feature a sports book, enabling users to bet on the biggest leagues across the globe, from the NBA to the EPL and everything in between.
The casino will soon be available on the web and as a Telegram app, and the MemeBet team has announced a huge airdrop for users who wager on its offerings. A staggering 400 million tokens have been set aside for the Season 1 airdrop, and the team has stated clearly, “Buy tokens in presale, then wager with $MEMEBET in the casino before the presale sells out. The more you wager, the bigger your airdrop will be!”
This seems like a no-brainer investment for anyone who already plays on Web3 casinos such as Rollbit or Shuffle. Simply do as you would do on those platforms while farming the MemeBet airdrop in the process.
There are less than 24 hours remaining for MemeBet’s next price stage increase. Secure your bag today to lock in these low prices.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
