International Operation Disrupts Multimillion-Dollar Crypto Theft Schemes

An international collaboration between law enforcement agencies from the United States, the United Kingdom, and Canada has led to a significant disruption of multimillion-dollar cryptocurrency theft schemes.

The operation, code-named Operation Atlantic, identified over $45 million in stolen funds and successfully froze approximately $12 million in stolen assets. The frozen funds will be returned to the victims.

The targeted scams exploited a sophisticated form of approval phishing, where criminals tricked victims into granting full administrative access to their cryptocurrency wallets using fraudulent web domains and deceptive notifications that mimicked legitimate services.