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Operation Atlantic: $62M Crypto Scams Busted

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Operation Atlantic: International Law Enforcement Disrupts $62 Million in Crypto Scams

In a week-long operation, Canadian, American, and British agencies collaborated to dismantle over $62 million in cryptocurrency scams, freezing millions in stolen funds and shutting down hundreds of suspicious websites. The operation targeted approval phishing schemes, which trick victims into authorizing fake alerts from trusted platforms, leading to the theft of their crypto wallets. Over 20,000 wallet addresses were flagged, and 120+ shady web domains were shut down. Another $45 million linked to investment fraud remains under investigation, with authorities urging victims to come forward and stay vigilant in the ongoing crypto battle.

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Operation Atlantic: $62M Crypto Scams Busted

Calgary News Today | 2 Min News | The Daily News Now!

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Calgary News Today | 2 Min News | The Daily News Now!Operation Atlantic: $62M Crypto Scams Busted. Machine-transcribed; use the interactive transcript above to jump the player to any line.

0:00International cops just wrapped up Operation Atlantic, a massive takedown that disrupted over $62 million Canadian in cryptocurrency, scams, and froze millions in stolen cash. This week, Long Blitz brought together agencies from Canada, the United States, and the United Kingdom to hit so-called approval fishing schemes hard. These tricks fool folks into okaying fake alerts from trusted-looking platforms, handing over control of their crypto wallets to thieves who drain. Them dry, hitting victims in over 30 countries, investigators flagged more than 20,000 wallet addresses tied to the mess, froze over $16 million Canadian dollars for return to those hit, hardest, and shut down over 120 shady web domains. Meanwhile, another $45 million Canadian dollars linked to investment fraud stays under the microscope, with officials urging anyone burned by. These scams to reach out right away and stay vigilant in this ongoing crypto battle. Local news, powered by AI, this is Calgary News Today.

1:04I'm Corey with the story.

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