International police launch Operation Atlantic to combat crypto approval phishing scams
Summary
Law enforcement agencies from the U.S., U.K., and Canada have launched Operation Atlantic to combat cryptocurrency fraud schemes, specifically those involving approval-phishing attacks. These scams trick victims into granting access to their wallets through fake alerts, allowing criminals to steal funds. Cryptocurrency scams generated at least $14 billion in revenue in 2025, and are expected to rise. The operation builds upon previous initiatives like Project Atlas, which identified over 2,000 compromised wallets and disrupted $70 million in potential fraud. Authorities aim to warn potential victims, secure compromised wallets, and recover stolen funds, identifying and disrupting scams in real-time.
(Source:CoinDesk)