### Australian police successfully cracked down on the encrypted communication network Ghost and confiscated cryptocurrencies worth $6.4 million

BlockBeats reported that on October 3, the Australian police successfully cracked down on an encrypted communication network called Ghost in an operation code-named "Kraken" and confiscated cryptocurrencies worth up to $6.4 million. The police said that this network was set up specifically for underworld criminals.

In this operation, the seized cryptocurrencies have been safely transferred to the cryptocurrency storage of Agence France-Presse (AFP), and the authorities plan to seek permanent confiscation of these assets.

AFP spokesperson emphasized that although the operation was code-named "Kraken", it had no connection with the well-known cryptocurrency trading platform Kraken. The main target of this operation was a dedicated encrypted communication platform, not a cryptocurrency trading platform.

The success of this operation not only demonstrated the police's determination to combat cybercrime, but also aroused people's attention to the security and regulation of cryptocurrencies. As an emerging financial tool, cryptocurrency has both its unique advantages and many challenges. How to prevent illegal activities while protecting user privacy is a question worth pondering.

This incident is undoubtedly an important warning for practitioners and enthusiasts in the blockchain and cryptocurrency industry. Although cryptocurrency brings many conveniences, we also need to work together to ensure that it is used in a legal and safe environment.

Dear readers, what do you think of this action? How do you think the regulation of cryptocurrency should balance privacy and security? Welcome to share your views and opinions in the comment area! 😊

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This action is not only a powerful blow to underworld criminals, but also provides us with an opportunity to think about the future development of cryptocurrency. I hope everyone can actively participate in the discussion and jointly promote the healthy development of the blockchain industry!