NCA’s Operation Atlantic with US and Canadian partners disrupted a global crypto fraud scheme affecting 20,000+ victims, freezing $12M and identifying a further $45M in illicit funds

The operation targeted “approval phishing” scams, where victims are tricked into unknowingly granting criminals access to their crypto wallets. Authorities identified over 20,000 victims across multiple countries, disrupted scam networks, and froze more than $12 million in suspected criminal funds, with a further $45 million in illicit crypto proceeds identified for investigation. The operation highlights the growing scale of cross-border crypto fraud and the importance of real-time international cooperation and industry collaboration to trace…