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Home News Story

Bitcoin and cryptos, the new weapon of hackers? Interpol on the attack of cybercriminals

by Ashutosh Thakur
October 20, 2022
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A crypto police in place – The International Criminal Police Organization, Interpol, was occasionally called upon to investigate certain cases related to cryptocurrencies. The most recent case is that of Do Kwonthe main founder of Terra (LUNA). The latter is under the influence of a notice rouge d’Interpol following the UST stablecoin disaster. But now, the organization wants to go further by creating a special unit entirely dedicated to Bitcoin (BTC) and cryptocurrencies.

Blockchain transactions still escape police surveillance

Senior police officials from the 195 member countries ofInterpol meet from October 18 to 21, 2022 in Delhi (India), for the 90th general meeting of this international force. It was during a preliminary conference to this event that the subject of Bitcoin (BTC) and crypto-assets was discussed.

It is more particularly Jurgen Stockthe Secretary General of Interpol, who made statements and an announcement regarding the struggle against the misuse of cryptocurrencies in various criminal activities :

“The enormous technological developments (…) related to cryptocurrencies pose a challenge for police services, because very often, [ces services] are not properly trained and equipped. »

Interpol gets down to business with its dedicated team

>> Funds are SAFU? Sign up on Binance (commercial link) <<

Facing ransomware: an Interpol division dedicated to cryptos

To remedy this lack and support local police services, Jürgen Stock announces the creation of a new team dedicated. His work will therefore be devoted to cryptocurrency-related crime. According to the information reported, this special crypto division will be based in Singapore. It will help Interpol member countries trace illegal activities related to this booming asset class.

Indeed, as can be seen below, the use of ransomware (or ransomware), phishing (phishing) and online scams (scams) constitute the main threats of future criminality perceived by Interpol. And unfortunately, these criminals regularly use cryptocurrency for laundering their crimes.

“Ransomware was the criminal threat predicted to increase the most, and it has evolved in recent years. Today’s ransomware attacks target large targets, including businesses, governments, and critical infrastructure. »

Jurgen Stock

Interpol On The Hunt For Ransomware
Ransomware would be the main criminal threat related to cryptos – Source: Twitter

It must be said that, sometimes, they are downright nations – like North Korea – which form pirate teams to the use of ransomware. Interpol’s special cryptocurrency unit therefore risks having its work cut out for it. The regulations and thehypersurveillance however, crypto transactions could soon make it easier for him.

Avoid too-good-to-be-true offers like the plague and get into the habit of being healthy with suspicion. On the other hand, also learn to place reasonable trust in respectable and recognized players in the ecosystem. Registeron Binance, undisputed leader of the crypto sector. In addition, this reference exchange has obtained the status of PSAN in France (commercial link).

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