Interpol Partners With Blockchain Focused Korea’s S2W Lab to Track Dark Web Activities

The International Criminal Police Organization (Interpol) has entered into a collaboration with South Korean data intelligence company, S2W Lab, to scrutinize dark web events, including crypto dealings. The firm revealed the one year agreement with Interpol on March 20.

S2W Lab asserts to have “captured a massive amount of Dark Web data” and “established a Dark Web database.” The firm employs artificial intelligence to study the info and demonstrate the “links among multiple domains and among multiple timeframes.” S2W prides itself on owning multiple patents “on the subject of Dark Web and cryptocurrency” analysis.

Suh Sangduk, CEO of S2W Labs, stressed the complexities involved in retaliating to dark web related cybercrimes that uses cryptocurrencies.

Sangduk further stated that the collaboration will also enable S2W team up in global investigations to guarantee that distributed ledger technologies (DLT) are utilized for “good purposes.”

Soon after its launch in September 2018, S2W Labs created strategies to analyze in cooperation with academics from the Korea Advanced Institute of Science and Technology University.

S2W Labs, on March 19, spotted the establishment of a black market for face-masks on Dark Web bazaars.

The firm scrutinized the frequency of code words related to coronavirus throughout well-known darknet markets and found out that 10 packets of face-masks are often sold for between $85 and $170 on prime camouflaged marketplaces.

On February 20, S2W came across the personal data of 3 million Koreans offered on the dark web.

Earlier in January, Interpol disclosed that it had brought down the number of cryptojacking malware infected MikroTik routers in South-East Asia by 78%.

By joining hands with cybersecurity company, Trend Micro, Interpol issued “Cryptojacking Mitigation and Prevention” advice across the region. The effort paved way for recovery of over 20,000 infected routers.