Australian Police Crack Crypto Wallet Seize $5.9M in Digital Assets
TLDR
- AFP recovered $5.9M in crypto by decoding a wallet found on a suspect’s phone.
- The wallet was cracked by removing altered digits from each number sequence.
- The suspect faced up to 10 years for refusing to give wallet access to police.
- The seized crypto may be used to fund crime prevention after court approval.
Australian police have unlocked a cryptocurrency wallet that held AU$9 million (about US$5.9 million), after a digital forensic investigation linked to an alleged criminal. The encrypted data was stored in a coded format, and a data scientist within the Australian Federal Police (AFP) managed to retrieve the 24-word seed phrase, allowing authorities to access and seize the funds.
