Following a global five-month operation involving law enforcement from 40 countries and regions, more than 5,500 financial crime suspects have been arrested and more than $400 million in virtual assets seized.
Operation HAECHI V spanned from July to November of this year and targeted seven types of cyber frauds: voice phishing, romance scams, online sextortion, investment fraud, illegal online gambling, business email compromise fraud, and e-commerce fraud.
As part of the operation, authorities from Korea and Beijing dismantled a voice-phishing syndicate responsible for $1.1 billion in losses, affecting more than 1,900 victims.
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