The day before its 90th general meeting, the Interpol organization spoke about its concerns vis-à-vis cybercriminals. For police services, the lack of digital training is a major obstacle in investigations. For this reason, a new unit dedicated to cryptocurrencies in cybercrime has been created by Interpol.
Police lack training against cybercriminals
After the revelations about the Terra Labs affair and its co-founder Do Kwonthe international criminal police organization Interpol is working hard to catch up on its technological delay. The largest police organization in the world is organizing its 90th general assembly this week, with the main theme being the cybercriminality and the cryptocurrencies.
Jürgen Stock, the Secretary General of Interpol, claims that much of the assets generated by criminal activities have been laundered using cryptocurrencies “.
However, to hinder cybercriminal activities, it would still be necessary to have teams sufficiently trained on the subject. As Jürgen Stock points out:
“The significant technological innovations, the Internet of Things and digital, in connection with cryptocurrencies, pose a challenge to law enforcement because very often the services are not properly trained and equipped. »
For this reason, Interpol has created a new police unit. Based in Singapore, this brigade specializes in cybercriminal activities involving virtual assets such as cryptocurrencies.
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Cybercriminals at the end of their cruise?
To catch up on cybercrime, Interpol is not at its first attempt.
After the closure in 2013 of the Silk Road site, which specialized in the trade of illicit products and services, law enforcement agencies understood the importance of digital police training. As early as 2015, Interpol police officers were training on the darknet to understand how transactions flow and disappear.
However, their efforts do not seem conclusive enough as the scandals continue to flourish. Recall that the Terra affair swallowed up nearly 80 billion dollars last Maysignificantly impacting the cryptocurrency ecosystem globally.
Since then, Do Kwon, the co-founder of the Terra project, was put on the Interpol Red List. As a result, the 194 countries of the organization are called to proceed upon his arrest. Currently on the run, Do Kwon continues to promote Terra via Twitter, while rebutting the assertions made against him :
I am not “on the run” or anything similar – for any government agency that has shown interest in communicating, we are in full cooperation and we don’t have anything to hide
— Do Kwon 🌕 (@stablekwon) September 17, 2022
“I’m not ‘on the run’ or anything – to any government agencies that have shown interest in communicating, we have fully cooperated and have nothing to hide. »
Pending the capture and sentencing of key Terra Labs figures, Interpol teams must continue their cybersecurity training.
👉 On the same subject – Terra case: Do Kwon would continue to get rich thanks to LUNA
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Source: Business Standard
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Always enthusiastic about new technologies, I gradually moved closer to Web3-related activities during the year 2021. Over time, I wanted to add my stone to the building. It was then that I became an editor, with the aim of explaining cryptocurrency-related topics to as many people as possible.
Timothy Bourbotte
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