Authorities in Australia announced the record-breaking bust on Monday. Australian authorities seized over two tons of cocaine over the weekend worth nearly $500 million after the fishing boat that smugglers used to sail the drugs into Australia broke down — the largest ever seizure of cocaine in Australia.

Australian police have seized a record 2.3 tonnes of cocaine worth nearly $500 million after the vessel carrying it broke down.

Australian police say they have seized a record 2.3 tons of cocaine from a fishing boat off the coast of Queensland.