A 21-year-old man has been arrested in Australia after authorities seized a package of 'pink cocaine' weighing over 250kg. The cocaine, with a street value of $38 million, is Australia's largest bust of this new type of drug. The drug is a cocktail of illicit substances and is made using food dye, not actual cocaine. It contains drugs like ketamine, MDMA, and meth. The man has been charged with attempting to possess a commercial quantity of the drug, which carries a maximum penalty of life imprisonment.