Today in crypto, Australian authorities have uncovered a $123 million crypto laundering operation linked to a security firm. An investigation lasting 18 months revealed the operation utilized a cash-in-transit security business to launder proceeds of crime into cryptocurrency. The Australian Federal Police have frozen approximately $13.6 million in suspected criminal assets and seized multiple properties and vehicles. Meanwhile, Coinbase CEO Brian Armstrong announced strides in addressing user account freezes, reporting an 82% reduction in the issue, which has become a top priority for the exchange. Users have voiced frustrations over prolonged account freezes. Additionally, Michael Saylor, co-founder of Strategy, teased a possible Bitcoin purchase for the ninth consecutive week after the company raised $1 billion to fund such acquisitions. Strategy holds a total of 580,955 BTC, valued at around $61.4 billion, showcasing a significant unrealized profit of approximately $20.6 billion.

Source 🔗