UK-led Operation Atlantic freezes $12M in crypto scam proceeds

Operation Atlantic, a joint US, UK and Canadian operation, froze more than $12 million tied to crypto approval phishing and identified over 20,000 victims.

Authorities in the United States, United Kingdom and Canada have frozen millions of dollars tied to crypto scams in a joint enforcement operation called Operation Atlantic.

The operation, focused on phishing attacks, took place in March and was coordinated by the UK’s National Crime Agency (NCA), the US Secret Service, the Ontario Provincial Police and the Ontario Securities Commission.

Operation Atlantic identified more than 20,000 victims across the US, Canada and the UK, securing and freezing more than $12 million in suspected criminal proceeds, the NCA said Thursday. It also identified “more than $45 million stolen in cryptocurrency fraud schemes,” the agency added.

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