Europol Traces Over €47 Million In Crypto To Disrupt Digital Piracy Networks

Europol has taken a awesome measurement against crypto-funded integer piracy, tracing complete €47 cardinal and targeting forbidden streaming services successful a high-profile world operation.

Between 10 and 14 November, Europol, successful collaboration pinch nan European Union Intellectual Property Office (EUIPO) and Spain’s Policía Nacional, hosted nan “Intellectual Property Crime Cyber-Patrol Week” astatine nan EUIPO office successful Alicante. Thirty investigators joined forces, utilizing precocious Open-Source Intelligence (OSINT) techniques and cutting-edge online devices to way intelligence spot infringements crossed Europe.

Key results from Cyber-Patrol Week

The cognition achieved important outcomes against piracy networks:

• 69 websites identified and targeted for imaginable intelligence spot violations

• 25 illicit IPTV services disrupted done crypto work supplier referrals

• 44 further sites nether ongoing investigation

The 69 targeted sites pull an estimated 11.8 cardinal yearly visitors, showing nan standard of forbidden streaming operations. Investigators traced cryptocurrency transactions worthy astir USD 55 cardinal (over €47 million) linked to these services, pinch respective cases still nether progressive investigation.

Criminals move to cryptocurrency

Cyber-Patrol Week highlighted a increasing trend: criminals are progressively utilizing cryptocurrency to person payments, wrongly believing it guarantees anonymity. Investigators countered this by purchasing services pinch crypto, identifying illicit operators, and reporting them to awesome exchanges and specialised partners.

This attack disrupts nan gross streams of piracy networks, striking wherever it hurts astir and helping to protect creators, businesses, and nan wider economy.

Innovation and world collaboration

The inaugural emphasised nan value of cross-border practice and knowledge sharing. Over 15 countries and private-sector organisations joined nan operation, focusing connected forbidden streaming and different online intelligence spot infringements. By combining resources, expertise, and technological solutions, Europol strengthened intelligence-gathering and enforcement strategies crossed Europe.

Protecting Europe’s integer economy

Cyber-Patrol Week demonstrates nan EU’s committedness to an integrated, technology-driven strategy against intelligence spot crime. Through world collaboration, innovative methods, and targeted action against crypto-funded piracy, Europol is safeguarding nan integer system and ensuring a safer online situation for creators and consumers alike.

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