Australian Authorities Seize Millions in Assets Linked to Crypto Crimes

Australian authorities have confiscated over AU$2.88 million worth of assets belonging to a man suspected of involvement in crypto-related crime. The seizure, led by the Australian Federal Police’s Criminal Assets Confiscation Taskforce (CACT), involved a 25 Bitcoin holding, a high-end vehicle, and real estate properties valued at AU$4.5 million. These assets were seized after investigations established their origin tied to suspected criminal proceeds.