"Operation Atlantic, co-hosted by the NCA, U.S. Secret Service, Ontario Provincial Police, and Ontario Securities Commission, focused on approval phishing, where criminals deceive victims into granting wallet access through fake investment platforms."
"More than 20,000 victims were identified across the United Kingdom, Canada, and the United States, with one U.K. victim losing over 52,000 pounds to the scheme."
"Investigators mapped more than $45 million in cryptocurrency stolen across fraud schemes worldwide, indicating the widespread nature of approval phishing."
"The NCA emphasized the importance of real-time intelligence sharing among participating agencies to trace illicit transactions and flag victims while funds were still accessible."
Operation Atlantic, led by the U.K.'s National Crime Agency, froze over $12 million in suspected criminal proceeds linked to cryptocurrency investment fraud. The operation identified more than 20,000 victims across the U.K., Canada, and the U.S. The fraud method, known as approval phishing, involves tricking victims into granting wallet access through fake investment platforms. Investigators mapped over $45 million in global cryptocurrency fraud, highlighting the extensive reach of these scams. The NCA and partners will continue to analyze intelligence to pursue suspects and support victims.
Read at news.bitcoin.com
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