$12 million frozen, 20,000 victims identified in crypto scam crackdown

Operation Atlantic, led by the UK National Crime Agency with US and Canadian partners and private-sector assistance, disrupted international cryptocurrency and investment scams that used approval-phishing to gain access to victims' wallets; investigators identified over 20,000 victims, froze more than $12 million, and uncovered additional suspected fraud losses, while the FBI reported $11.3 billion in fraud-related losses overall with $7.2 billion tied to crypto investment scams.