The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the accused owner of an organized crime messaging app.
The Australian Federal Police has revealed it recently “deciphered” a seed phrase in order to access a suspect’s $6.4 million (9.3 million Australian dollars) in crypto as part of Operation Kraken.
The suspect is accused of being behind an encrypted messaging app called “Ghost,” which authorities claim is used by organized crime.
The AFP said on Oct. 2 that the crypto haul was restrained after a Criminal Assets Confiscation Taskforce (CACT) analyst “deciphered the account’s ‘seed phrase’ following analysis of digital devices” recovered from the home of Jay Je Yoon Jung, the alleged creator of the encrypted messaging app.
