I'm trying to decide if you're joking, or if the cryptocurrency is really that volatile. That I have to ask is... worrying.
He's joking. As of now, the police haven't reported which cryptocurrency was seized or how much. The police have only stated that "$350,000 worth of cryptocurrency" was seized.
Its worth about $332k now.
350,000 Australian Dollars is only worth around 266,000 US Dollars but the article isn't clear about the specifics of either the cryptocurrency or the fiat.