Overview

• Jay Je Yoon Jung, 32, was arrested and charged with multiple offenses, including supporting a criminal organization.
• Authorities cracked the seed phrase of crypto wallets linked to Jung, allowing them to seize $6.4 million in cryptocurrency.
• Operation Kraken has resulted in 46 arrests, 93 search warrants, and the seizure of 30 illegal firearms.
• The operation has also prevented over 200 kilograms of illicit drugs from entering the Australian community.
• The seized assets will be used to benefit the community through crime prevention and law enforcement initiatives.