International Law Enforcement Operation Targets Multimillion-Dollar Crypto Theft Schemes
An international operation, known as Operation Atlantic, has been conducted by law enforcement agencies from the United States, the United Kingdom, and Canada to combat multimillion-dollar cryptocurrency theft schemes. The operation identified over $45 million in stolen funds and successfully froze approximately $12 million in assets, which will be returned to the victims. The initiative focused on a sophisticated form of approval phishing, commonly used in pig butchering investment scams. These scams involve criminals tricking victims into granting full administrative access to their cryptocurrency wallets through fraudulent web domains and deceptive notifications that mimic legitimate services. Once access is granted, the scammers drain the accounts. Authorities have identified more than 20,000 compromised wallet addresses across 30 countries and have directly contacted over 3,000 individuals to warn them of active threats to their assets. Additionally, more than 120 fraudulent web domains used to facili... 
