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Crypto? Huh. Good gawd y'all, what is it good for? $45M in this case

ID: eddb701f-c7ca-5858-929d-64679a7e961b

STIX ID: report--eddb701f-c7ca-5858-929d-64679a7e961b

Feed Name: The Register (Security)

Threat Score
65/100

Date Published: 2026-04-09

Date Updated: 2026-04-26

Author: Jessica Lyons

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Operation Atlantic: US, UK, and Canadian law enforcement, working with private partners, disrupted a global cryptocurrency "pig butchering" investment scam that stole an estimated $45 million, froze and returned $12 million to victims, and identified over 20,000 victim-linked wallet addresses across 30 countries; investigators directly contacted 3,000 victims and flagged an additional $33 million for further inquiry, while noting rising crypto fraud complaints and losses in recent reports.

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