ChainCatcher news, the Victoria Police in Australia has seized cryptocurrency for the first time following recent legal amendments, amounting to $142,679. This legal amendment allows the police to control digital assets.On October 31, Victoria Police released its 2023-2024 annual report, highlighting the "new powers" obtained after the addition of "SECT 92A Seizure of Digital Assets by Warrant" in the 1997 Confiscation Act.Since August 1, 2023, this legal change has granted the police in Victoria the authority to seize cryptocurrencies held by criminals through search warrants.

ChainCatcher news, according to a statement from the Australian police, the Australian police seized $6.4 million worth of cryptocurrency in an operation against the encrypted communication network Ghost, which authorities described as "specifically designed for organized crime." The seized cryptocurrency has been transferred to a secure cryptocurrency storage of AFP, and authorities will seek permanent forfeiture.

ChainCatcher news, the Australian Federal Police (AFP) announced on Tuesday that it has seized $6.4 million worth of cryptocurrency as part of an investigation into the organizers behind the encrypted communication application Ghost used by organized crime groups.32-year-old suspect Jay Je Yoon Jung from New South Wales was arrested on September 17 during "Operation Kraken" and now faces multiple charges, including supporting a criminal organization.Authorities will transfer the seized funds to secure storage. Under the Proceeds of Crime Act 2002, these assets will be restricted. The act aims to disrupt criminal networks by confiscating illegal property.