In today's crypto news, Australian authorities uncovered a $123 million crypto laundering operation linked to a security firm, following an extensive 18-month investigation. The Australian Federal Police seized about $13.6 million in suspected criminal assets and identified a scheme that involved using a cash-in-transit security company to launder proceeds through various front businesses, including cryptocurrency exchanges. Meanwhile, Coinbase CEO Brian Armstrong addressed issues regarding frozen user accounts, stating the problem has been reduced by 82% and prioritizing improvements. Many users have expressed dissatisfaction with prolonged account freezes. Additionally, Michael Saylor, co-founder of Strategy, hinted at another Bitcoin purchase after the company recently increased its $250 million stock offering to $1 billion. Saylor's frequent posts often precede announcements of additional BTC acquisitions, potentially marking the ninth consecutive week of purchases, with Strategy currently holding 580,955 BTC valued around $61.4 billion.

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