Interpol Sting Captures $300 Million Global Financial Cybercrime Operation

Law enforcement authorities through 34 countries ring together In A six months investigation that peaked In THE Stop of 3,500 alleged cybercriminals And THE epileptic crisis of $300 million In illicit assets, Interpol announcement Tuesday.

Accomplished Since July through December, "Operation Haechi IV” concentrate on e-commerce fraud, investment fraud, money whitening related has illegal online gambling And business E-mail compromise fraud, as GOOD as voice Phishing, romance scams And online sextortion.

THE transcontinental police the investigation was directed by South Korean authorities And stepped over THE WE., United Kingdom, United Arab the Emirates, Japan, Singapore, Australia, India, Argentina, Sweden, Poland And Romania, among other countries. Investigators discovered evidence of fraud And SO used I SQUEEZE, Interpol Stop paying mechanism, has freeze 82 112 related bank accounts. They grasped A total of $199 million In currency And virtual assets, such as NFTs, that are collectively value $101 millions.

Related Articles

"THE epileptic crisis of USD 300 million represented A staggering sum And clearly illustrated THE incentive behind Today explosive growth of transnational organized crime," said Stephane Kavanagh, Interpol executive director of police services, In A prepared declaration.

"This vast accumulation of illicit wealth East A serious threat has global security And weakens THE economic stability of country in the whole world. »

As A theme, THE Haechi investigation executives fraudulent activity as A old crime activated by swollen new tools. NFT scams — In which platforms And social media accounts come online, SO disappear once transactions go through — are cut Since THE even fabric as defraud jobs that to use fake desk Numbers, business cards And P.O. boxes. NOW, artificial intelligence has become A rapid growth armed among scammers, especially deep counterfeits that can convincingly imitate love those.

UNITED KINGDOM investigators reported several case In which AI-powered content was used has defraud Or victimize people, particularly through imitation, online sexual blackmail And investment fraud.

THE advancement of such technology seems has be breeding THE challenges And energy the criminals. Last years Haechi III, which took place Since June has November 2022, reported just 975 arrests And frozen $130 million. THE current Haechi IV watch A 260 percent leap In arrests And THE epileptic crisis of more that double THE illicit assets.