US, UK, Canada launch joint operation to disrupt crypto fraud

Dubbed “Operation Atlantic,“ the effort involves law enforcement agencies from the three countries and is aimed at preventing phishing attacks involving cryptocurrencies.

The US Secret Service, UK National Crime Agency, and Canadian authorities have partnered to disrupt fraudulent schemes related to crypto, raise awareness of scams, and recover stolen funds.

In a Monday notice, law enforcement agencies from the three countries — including Canada’s Ontario Provincial Police and the Ontario Securities Commission — said that they had launched “Operation Atlantic,” focusing on identifying people at risk of losing or those who had already lost crypto through “approval phishing” schemes.

“Approval phishing and investment scams cost victims millions in financial loss each year,” said Brent Daniels, deputy assistant director for the US Secret Service’s Office of Field Operations. The agencies said they hope to identify and disrupt these scams in near real-time.

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