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December 2, 2024 at 04:07PM
Operation HAECHI V, involving law enforcement from 40 countries, led to the arrest of over 5,500 suspects and the seizure of $400 million in virtual assets, targeting various cyber frauds. Notably, a voice-phishing syndicate linked to $1.1 billion in losses was dismantled. Interpol emphasized the importance of international cooperation in combating cybercrime.
**Meeting Takeaways: Operation HAECHI V Summary**
1. **Operation Overview**:
– A global operation conducted over five months with law enforcement participation from 40 countries and regions.
– Resulted in the arrest of over 5,500 suspects involved in financial crimes.
2. **Financial Impact**:
– Over $400 million in virtual assets were seized during the operation.
– Significant focus on dismantling criminal networks, particularly a voice-phishing syndicate responsible for $1.1 billion in losses.
3. **Targeted Cyber Fraud Types**:
– Focused on seven major types of cyber fraud:
– Voice phishing
– Romance scams
– Online sextortion
– Investment fraud
– Illegal online gambling
– Business email compromise fraud
– E-commerce fraud
4. **Key Actions by Authorities**:
– Dismantling of a voice-phishing group in collaboration between authorities in Korea and Beijing, affecting over 1,900 victims.
– Issuance of an Interpol Purple Notice regarding cryptocurrency fraud practices, particularly those involving stablecoins.
– Warning issued about the “USDT Token Approval Scam” targeting cryptocurrency wallets.
5. **Quotes & Insights**:
– Interpol Secretary General Valdecy Urquiza emphasized the devastating effects of cyber-enabled crime and the necessity for international police collaboration to effectively combat such threats.
– The operation showcased the success achieved through global cooperation in addressing cybercrime.
Overall, Operation HAECHI V demonstrated significant advancements in the fight against financial crimes, highlighting the importance of international collaboration and proactive measures in addressing cyber threats.