todayonchain.com

International police launch Operation Atlantic to combat crypto approval phishing scams

CoinDesk
Operation Atlantic, a joint effort by U.S., UK, and Canadian law enforcement, aims to disrupt cryptocurrency 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)