Interpol has announced the seizure of virtual assets valued at USD 130 million as part of a global campaign to combat financial crimes and money laundering that are enabled by the internet.
Between June 28 and November 23, 2022, an international police operation known as HAECHI-III took place, leading to the arrest of 975 people and the resolution of more than 1,600 cases. This group included two fugitives sought by South Korea for their alleged participation in a Ponzi scheme that defrauded 2,000 victims out of €28 million. Interpol reported that four cryptocurrency wallets used by the con artists were seized, and that the call center scam caused victims to transfer a total of USD 159,000.
Over the course of the five-month operation, nearly 2,800 bank and virtual asset accounts that were being used to launder illegally obtained funds were blocked.