Interpol arrests THIRTY-FIVE HUNDRED PEOPLE in sweeping cybercrime raids!

[thewayne]

You would think that a raid of this scope would sorely hamper cybercrime! It will take some time to see how much this will affect things.

From the article: "Interpol, an international police organization, has arrested nearly 3,500 people allegedly connected to cybercrime in a sweeping operation announced on Tuesday. $300 million worth of assets across 34 countries were reportedly seized. The operation, Haechi IV, blocked over 80,000 suspicious bank accounts and warned government officials of new types of scams using AI and fake NFTs."

The fake NFT thing was largely targeted to South Koreans. Apparently they start up a fake NFT and after a certain threshold of people invest in it, the organizers just up and vanish.

https://gizmodo.com/interpol-arrest-3-500-cybercrime-operation-300-million-1851113003

Comments

[silveradept]

It's another one of those technological fly-by-night schemes. Which tend to happen in unregulated spaces a lot, especially when you start trading in fiat currencies that don't have the backing of something powerful enough to ensure their value is honored and the organizers don't take the money and run.