PANews reported on October 31 that, according to Cryptopolitan, Australian Federal Police have seized a cryptocurrency wallet containing $6.4 million, believed to be proceeds of organized crime. This operation is part of a broader crackdown on encrypted communication networks believed to be used by criminal corporations. The Australian Federal Police revealed that they deciphered the mnemonic phrase of the criminal wallet and seized a total of $6.4 million. In addition, police arrested 32-year-old Sydney resident Jay Je Yoon Jung, who is accused of developing the highly encrypted communication platform Ghost. Police stated that the platform was specifically designed for criminal organizations.