Operation Atlantic Seizes $12m in Crypto Losses

Operation Atlantic — a coordinated week-long effort by UK, US and Canadian authorities with private-sector partners — identified over 20,000 crypto wallets tied to approval-phishing fraud, contacted 3,000 victims, disrupted 120+ scam domains and helped freeze roughly $12M while identifying an additional $33M in stolen crypto; the report highlights approval phishing as a high-impact social-engineering technique responsible for substantial losses in the crypto sector.