An international law enforcement operation has disrupted over $62 million CAD in cryptocurrency fraud and frozen millions in stolen funds. Dubbed Operation Atlantic, the campaign involved agencies from Canada, the United States, and the United Kingdom, targeting "approval phishing" scams. Investigators identified over 20,000 cryptocurrency wallet addresses linked to victims in more than 30 countries. Authorities have frozen over $16 million CAD in stolen funds for victim return, with an additional $45 million CAD tied to investment fraud schemes under investigation.
The operation also disrupted more than 120 web domains used by scammers. Approval phishing scams trick users into granting access to cryptocurrency wallets through fake alerts, allowing criminals to transfer funds. Authorities urge potential victims to report such fraud.