Australian Federal Police (AFP) have seized over $6.4 million in cryptocurrency linked to Jay Je Yoon Jung, the alleged creator of the criminal app Ghost, used for drug trafficking and money laundering. Following his arrest, investigators accessed the funds by deciphering Jung’s seed phrase. The AFP emphasizes their commitment to dismantling organized crime by confiscating illicit assets, with ongoing investigations aimed at forfeiting the seized cryptocurrency to the Commonwealth.
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The Australian Federal Police accessed $6.4 million in cryptocurrency linked to suspect Jay Je Yoon Jung, accused of creating the encrypted messaging app “Ghost” for organized crime. The funds were secured after deciphering a seed phrase from digital devices seized during Jung’s arrest on September 17. This operation, part of the ongoing crackdown on criminal activities, has previously resulted in the seizure of $1.4 million in assets.
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