South Korean Startup Partners With Interpol To Track Crypto On Dark Web

[image credit : Interpol]

The International Criminal Police Organization (Interpol) is partnering with South Korean intelligence startup S2W Lab to tackle dark web transactions.

According to the announcement made by S2W Lab, the firm entered a one-year contract with Interpol to analyze and monitor dark web activity, including the use of cryptocurrency.

The report claims the lack of adequate tracking tools has led dark web portals to emerge as a hotbed of cyber-crimes, including the illegal trade of credit card and passport information.

The startup, first established in 2018, has been collecting data and analyzing the dark web using a unique, AI-based “multi-domain analytic engine.” S2W Lab is in the process of establishing a database that will find links between multiple domains across multiple timeframes. Suh Sangduk, CEO of S2W lab, said of the new partnership, “Responding to the cybercrime on the Dark Web is very difficult due to its characteristics and wide usage of cryptocurrencies.”

He continued, “We will cooperate with international investigations with our technologies and contribute to the technology to be used for good purposes.”

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