International Operation Targets Multimillion-Dollar Crypto Theft Schemes
An international operation involving law enforcement agencies from the United States, the United Kingdom, and Canada has targeted multimillion-dollar cryptocurrency theft schemes. Dubbed Operation Atlantic, the initiative identified over $45 million in stolen funds and successfully froze approximately $12 million in stolen assets. The operation focused on approval phishing tactics used in pig butchering investment scams, where victims are tricked into granting access to their cryptocurrency wallets. Authorities identified over 20,000 compromised wallet addresses and took down more than 120 fraudulent web domains used in the scams.