Operation Atlantic: US, UK, Canada Fight Crypto Phishing
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Operation Atlantic: International Law Enforcement Unites to Combat Cryptocurrency Phishing Scams
Law enforcement agencies from the US, UK, and Canada have joined forces in Operation Atlantic to combat cryptocurrency phishing scams, focusing on approval phishing. The operation aims to identify victims in real-time, disrupt scams, raise awareness, and recover stolen funds. Approval phishing has resulted in $2.7 billion in crypto losses from May 2021 to July 2024. While phishing attacks peaked in February, overall crypto theft from scams dropped to $49 million that month. Similar initiatives, like Chainalysiss Operation Spincaster, are also gaining momentum to address the growing threat.
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