Interpol War Game Models Chase for Bitcoin Blackmailers
International law enforcement organisation Interpol conducted a war game scenario last week that centered on discovering the identity of a blackmailer demanding a more than $4m ransom in bitcoin. Sixty-four participants from 26 countries took part in the event, according to Interpol, which was held over four days between 21st and 24th March. Teams received scores during the war game, earning points when completing certain objectives and losing points when making errors or asking for help. According to Interpol, the war game centered on a fictional oil company that is being blackmailed by....
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Interpol's cybercrime research facility, the Global Complex for Innovation (IGCI), has created its own digital currency in a bid to combat cryptocurrency-fuelled crime. The IGCI team, which includes members from Singapore's police force, will use its in-house virtual currency to study scenarios of cryptocurrency use and misuse in a specially designed simulation training game. Madan Mohan Oberoi, IGCI director of cyber innovation and outreach, confirmed to a local news outlet that his team has made progress in several projects already. Last month two Interpol researchers, Christian Karam....
GameFi isn’t a new concept, in fact, CryptoKitties was the first project to bring this concept to light in 2017. It is known for pioneering the play-to-earn gaming model, which is now the standard basis that all blockchain games follow. The model was a huge hit, bringing the game 1.5 million users and $40 million in transaction volume. The fact that this occurred during the early years of the crypto market was a significant achievement for the game. Since then, the sector has evolved in response to increasing user demands. Today, there are around 1,498 GameFi projects, with numbers rising....
International police organisation Interpol held an interactive training seminar in Singapore last month that utilized an internally developed cryptocurrency and a mock dark market. The organization's Global Complex for Innovation (GCI) developed the cryptocurrency to use for modelling use cases related to cybercrime. At the time, GCI suggested that it would come to be used in subsequent trainings, the first of which saw 24 participants from law enforcement agencies from around the world. Countries represented included Australia, France, Ghana, Hong Kong, Indonesia, Japan, Singapore, Sri....