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Bitzlato Co-Founder Anton Shkurenko Arrested in Russia, Report

Bitzlato Co-Founder Anton Shkurenko Arrested in Russia, ReportRussian authorities have reportedly arrested the second co-founder of seized cryptocurrency exchange Bitzlato. The man, who recently promised to restore the platform’s operations from Russia, was detained at the request of Interpol and may face extradition to France. Another Co-Founder of the Russia-Linked Bitzlato Exchange Apprehended in Moscow Anton Shkurenko, co-founder of the recently busted […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

South Korean officials traveled to Serbia to find Do Kwon

South Korean authorities have previously requested cooperation from the Serbian government to bring Kwon back.

The hunt for the controversial founder of the now-collapsed Terra ecosystem, Do Kwon, has intensified with South Korean officials reportedly confirming they sent at least two people to Serbia to track him down.

According to a Feb. 7 Bloomberg report, the prosecutor’s office in Seoul said the reports “aren’t false” regarding members of its team trekking out to the Balkan state to find Kwon.

It appears at least two state officials went — one from the prosecutor’s office and the other from  South Korea’s Justice Ministry.

Do Kwon speaking at a conference about Terra before the ecosys. Source: Terra.

South Korean-based publication Chosun Media reported on Dec. 11 that a state intelligence official informed them that Kwon had based himself in Serbia.

There is currently no extradition treaty between South Korea and Serbia.

This likely made Serbia a great hideout spot for Kwon, according to a recent opinion article from Minso Kim, a writer for the South Korean publication Chosun Media.

South Korea has however stripped Kwon of his passport, which may make future travel more difficult.

Kwon has been accused of being on the run since Sept. 14, when South Korean prosecutors issued an arrest warrant against him, an accusation that he denied in October.

The 31-year-old fallen entrepreneur has also been accused of breaching capital markets laws.

While Kwon is known to be a prolific tweeter, he went nearly two months without tweeting or retweeting a single post — causing some to speculate what the controversial figure has been up to.

But Kwon recently responded to an evocative tweet targeted at him, stating that he hasn’t stolen any money and has never had any “secret cashouts.”

To date, Kwon denies any wrongdoing.

Related: Terraform Labs claims case against Do Kwon is ‘highly politicized’: WSJ

The collapse of the Terra ecosystem was in part triggered by the de-peg of its TerraClassicUSD (USTC) algorithmic stablecoin, UST. Terra Classic (LUNC) was closely linked to the stablecoin, with that too falling close to 100%.

Approximately $60 billion worth of value was wiped out of the ecosystem.

Cointelegraph reached out to Terraform Labs and the South Korean Prosecutor’s office for comment but did not receive an immediate response.

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Interpol Is Figuring Out How the Metaverse Will Be Policed

Interpol Is Figuring Out How the Metaverse Will Be PolicedThe International Criminal Police Organization, Interpol, is working on how to police the metaverse, a digital world that is projected as an alternative to the real world. Interpol secretary general Jurgen Stock believes the organization must be ready for this task in order to not be left behind by the metaverse and its related technology. […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Interpol wants to police metaverse crimes, reveals secretary general

According to Stock, criminals have started targeting users on platforms similar to the metaverse, adding that “We need to sufficiently respond to that.”

The International Criminal Police Organization (ICPO), a.k.a, Interpol, is investigating how it could police crimes in the metaverse. However, a top Interpol executive believes there are issues with defining a metaverse crime.

Interpol’s intent to oversee criminal activities on the metaverse was revealed by secretary general Jurgen Stock, according to BBC. Stock highlighted the ability of “sophisticated and professional” criminals to adapt to new technological tools for committing crimes.

The move for policing metaverse comes nearly four months after the international organization launched its own metaverse in October 2022, at the 90th Interpol General Assembly in New Delhi, India.

The official Interpol office in the metaverse. Source: Interpol

During this launch, the announcement read:

“As the number of Metaverse users grows and the technology further develops, the list of possible crimes will only expand to potentially include crimes against children, data theft, money laundering, financial fraud, counterfeiting, ransomware, phishing, and sexual assault and harassment.”

According to Stock, criminals have started targeting users on platforms similar to the metaverse, adding that “We need to sufficiently respond to that.” However, the organization faces issues with defining a metaverse crime. Madan Oberoi, Interpol's executive director of technology and innovation, stated:

“There are crimes where I don't know whether it can still be called a crime or not. If you look at the definitions of these crimes in physical space, and you try to apply it in the metaverse, there is a difficulty.”

Moreover, he revealed that Interpol is also challenged with raising awareness about possible metaverse crimes.

Related: The world must take a ‘collective action’ approach to regulations — India’s finance minister

In parallel to launching into the metaverse in October 2022, the organization created a dedicated unit to fight crypto crimes.

The initiatives followed Interpol’s “red notice” to global law enforcement in September for the arrest of Terraform Labs co-founder Do Kwon.

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Another Member of Russian Crypto Pyramid Finiko Arrested in UAE

Another Member of Russian Crypto Pyramid Finiko Arrested in UAELaw enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the second arrest in the Gulf state of a high-ranking member of the pyramid announced in the past month. Finiko Fraudster Caught […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE

Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAEOne of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close associate of the crypto pyramid’s mastermind left the Russian Federation as the scam collapsed last summer. UAE Authorities Review Russian Extradition Request for Top Finiko […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Law Enforcement Metaverse? Interpol Creates New Digital World for Global Police Training

Law Enforcement Metaverse? Interpol Creates New Digital World for Global Police Training

The international policing organization Interpol is unveiling the first metaverse designed for law enforcement communication. According to a new Interpol press release, The Interpol Metaverse is already developed and it enables police offers around the globe to communicate with one another and “take immersive training courses in forensic investigation and other policing capabilities.” The Interpol […]

The post Law Enforcement Metaverse? Interpol Creates New Digital World for Global Police Training appeared first on The Daily Hodl.

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Cryptoqueen Ruja Ignatova Tipped Off About Onecoin Investigations Before She Vanished, Report

Cryptoqueen Ruja Ignatova Tipped Off About Onecoin Investigations Before She Vanished, ReportRuja Ignatova, founder of the notorious crypto pyramid Onecoin, was reportedly alerted about police investigations into the scam before she disappeared. The ‘Cryptoqueen’ has been on the run for several years, wanted by law enforcement agencies around the world. Onecoin Mastermind Learned About Arrest Efforts From Leaked Police Documents, Podcast Reveals A media report has […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Interpol Launches Police-Focused Metaverse

Interpol Launches Police-Focused MetaverseInterpol, the International Criminal Police Organization, has announced the launch of the supposed first police metaverse experience. This new virtual world, which allows users to visit the offices of the institution in Lyon, aims to advance the understanding of metaverse-related crimes and opens the possibility for users to receive training in different areas. Interpol Launches […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Put your hands up! Interpol storms into the Metaverse

Interpol’s metaverse is up and running and has been designed to streamline communication between various units, along with providing an avenue to conduct education and training.

The International Criminal Police Organization (Interpol) is putting on its virtual reality headsets as it prepares to crack down on an expanding list of “possible crimes” in the Metaverse.

According to an Oct. 20 announcement, Interpol has launched the “first ever Metaverse specifically designed for law enforcement worldwide” — introducing it at the 90th Interpol General Assembly in New Delhi — already fully operational.

Metaverse office: Interpol

Interpol outlined that a key driver behind its jump into the metaverse is due to bad actors already leveraging the tech to conduct crimes, while public adoption rates are likely to significantly increase over the next few years.

“Criminals are already starting to exploit the Metaverse. The World Economic Forum [...] has warned that social engineering scams, violent extremism and misinformation could be particular challenges,” the announcement reads, adding that:

“As the number of Metaverse users grows and the technology further develops, the list of possible crimes will only expand to potentially include crimes against children, data theft, money laundering, financial fraud, counterfeiting, ransomware, phishing, and sexual assault and harassment.”

Notably, people have already been put behind bars for their actions in the Metaverse. Last month, a South Korean man was sentenced to four years in prison for sexually harassing children in the Metaverse, and luring them to send lude photos and videos.

At the event in Delhi, Interpol also revealed plans to develop a division dedicated to cracking down on crypto crime. Interpol secretary general Jürgen Stock highlighted the need for the specified unit, as many law enforcement agencies are not currently equipped to deal with the complexities of the sector.

The special director of India’s Central Bureau of Investigations, Praveen Sinha also noted that it has become increasingly difficult to monitor cybercrime due to its global nature, and that coordination is a key factor that will make their efforts easier.

“The only answer is international cooperation, coordination, trust, and real-time sharing of information,” Sinha said.

The new Interpol metaverse will allow registered users to visit the platform and take a tour through a “virtual facsimile of the Interpol General Secretariat headquarters in Lyon, France” and partake in forensic investigation courses, among other things.

Related: Terra co-founder Do Kwon says he’s ‘making zero effort to hide’ following Interpol notice

Interpol has outlined that its metaverse will hopefully provide a more streamlined and efficient way for its various outfits across the globe to communicate and work with each other. While education and training for students/new recruits was also highlighted.

Earlier this week, the Ajman Police announced it would provide its services to customers through metaverse technology, according to an Oct. 16 tweet from the authority.

El Salvador buys 11 BTC only a day after reaching a deal with IMF