
1 month, 1 week ago
Hornet helps cops sting cybercrooks, recover stolen funds in Telangana
New Indian ExpressHYDERABAD: Cyber fraudsters often use digital currency to launder money obtained from criminal activities. Many, including police officials, believe that once money was converted into cryptocurrency, it became untraceable, leading to a loss of hope in recovering stolen funds. A police official explained that once fiat currency is converted into cryptocurrency, it is laundered through multiple channels, making it extremely difficult to track. Hornet founder & CEO Souvik Haldar told TNIE that the firm has partnered with Cyberabad commissionerate to investigate cryptocurrency-related crimes. Haldar added that Hornet monitors the dark web to generate actionable intelligence, which aids law enforcement agencies in investigations.
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