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Interpol's Operation HAECHI V, a five-month international operation involving 40 countries, has resulted in a major blow to global cybercrime. More than 5,500 suspects were arrested, and over $400 million in assets, including virtual assets and government-backed currencies, were seized. The operation targeted a wide range of financial crimes, such as voice phishing, romance scams, sextortion, business email compromise (BEC), and investment fraud. This success highlights the growing need for international cooperation in combating cybercrime's borderless nature.

The operation's success is largely attributed to the collaboration between law enforcement agencies across 40 countries, territories, and regions. Interpol's Global Rapid Intervention of Payments (I-GRIP) initiative played a crucial role in tracking and intercepting the stolen funds. A significant achievement was the joint dismantling of a large voice phishing syndicate in East Asia by Korean and Beijing authorities, which had defrauded over 1,900 victims of $1.1 billion. This syndicate used tactics such as impersonating law enforcement officials and employing counterfeit identification.

Operation HAECHI V also led to increased awareness of emerging cryptocurrency fraud techniques, specifically the USDT Token Approval Scam. Interpol issued a Purple Notice warning member countries about this new scam, where criminals use romance-themed baits to trick victims into authorizing access to their wallets. Interpol Secretary General Valdecy Urquiza emphasized the devastating impact of cybercrime and underscored the importance of continued international cooperation to combat this growing threat. The operation's success demonstrates the potential of collaborative efforts in making both the real and digital worlds safer.

ImgSrc: blogger.googleu

References :

• malware.news: Such an operation has prompted increased awareness of the growing prevalence of stablecoin theft, noted Interpol, which has committed to continuing the South Korea-backed cybercrime crackdown operation.
• securityaffairs.com: International law enforcement operation Operation HAECHI-V led to more than 5,500 suspects arrested and seized over $400 million.
• thehackernews.com: A global law enforcement operation has led to the arrest of more than 5,500 suspects involved in financial crimes and the seizure of more than $400 million in virtual assets and government-backed currencies.
• hackread.com: Report on Operation HAECHI V, a large-scale international cybercrime operation resulting in numerous arrests and asset seizures.

Classification:

• HashTags: #Cybercrime #Interpol #LawEnforcement
• Company: Interpol
• Target: Financial Institutions and Individuals
• Feature: Global Cybercrime Crackdown
• Type: News
• Severity: Major