"Scams, Deepfakes, and DeFi: How Indonesia’s Bareskrim Cracks Down on Crypto-Related Crime":
Binance highlights how the Indonesian Criminal Investigation Directorate, more commonly known as Bareskrim, is addressing new trends in cybercrime, all related to cryptocurrencies.
Ferry Maulana, a senior researcher at Bareskrim, shared a series of information related to the agency's response to all these emerging threats, the challenges it faces, and how that collaboration between the public and private sectors is making a significant impact in the realm of digital financial security.
This article also emphasizes the evolution of threats, including the use of deepfakes, self-custody wallets, and money laundering through multiple blockchains. To combat these crimes, Bareskrim is integrating advanced tools such as artificial intelligence and blockchain analysis to track complex fund flows, identify wallet groups, and detect suspicious activities hidden behind layers of obfuscation.
It is emphasized that these capabilities are crucial given that criminals are increasingly exploiting self-custody wallets, cross-chain money laundering, and highly liquid stablecoins.
When stolen funds are traced to a centralized exchange, Bareskrim submits a formal data request to obtain KYC (Know Your Customer) information and transaction details related to the implicated accounts.
When necessary, they also seek assistance from foreign law enforcement to identify suspects and freeze assets, highlighting the importance of well-defined escalation procedures and mutual legal assistance treaties (MLAT) in public-private collaboration in cryptocurrency investigations.
In conclusion, this article shows how Bareskrim of Indonesia mainly focuses on adapting its strategies and using advanced technology and international collaboration to combat the growing landscape of cryptocurrency-related cybercrime, which includes scams, deepfakes, and crimes involving decentralized finance (DeFi).
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