Law enforcement agencies from the United States, United Kingdom, and Canada have launched Operation Atlantic, a joint effort to combat rising crypto scams and protectLaw enforcement agencies from the United States, United Kingdom, and Canada have launched Operation Atlantic, a joint effort to combat rising crypto scams and protect

US, UK, Canada Launch Operation Atlantic to Tackle Crypto Scams

2026/03/17 22:11
4분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

Law enforcement agencies from the United States, United Kingdom, and Canada have launched Operation Atlantic, a joint effort to combat rising crypto scams and protect investors worldwide.

Key Takeaways

  • Operation Atlantic is a joint initiative by the US, UK, and Canada to combat crypto fraud.
  • The operation focuses on approval phishing and investment scams that cost victims millions each year.
  • Authorities are working with private partners to identify victims, recover funds, and raise awareness.
  • The move reflects growing global cooperation to tackle cross border digital asset crime.

What Happened?

Authorities from the US, UK, and Canada have launched Operation Atlantic to target organized crime groups involved in crypto fraud. The initiative focuses on disrupting scams, identifying victims, and preventing further financial losses through coordinated international action.

Global Effort to Tackle Crypto Fraud

Operation Atlantic brings together major agencies including the US Secret Service, the UK National Crime Agency, and Canadian law enforcement bodies such as the Ontario Provincial Police and Ontario Securities Commission. The effort also includes participation from additional agencies and regulators across all three countries.

The operation is designed to address the growing scale of crypto related fraud, which often spans multiple jurisdictions and exploits gaps in regulation. Officials say criminal networks use decentralized platforms, anonymous wallets, and global payment channels to move funds quickly and avoid detection.

By working together, authorities aim to:

  • Track and disrupt criminal networks operating across borders.
  • Monitor illicit financial flows more effectively.
  • Improve coordination in investigations and prosecutions.

Focus on Approval Phishing Scams

A key focus of Operation Atlantic is approval phishing, a type of scam that tricks users into granting access to their crypto wallets. Victims are often presented with fake pop ups or alerts that appear to come from trusted platforms.

Once users approve access, attackers gain full control and can quickly drain funds. Due to the irreversible nature of blockchain transactions, recovering stolen assets can be extremely difficult.

Officials highlighted that:

  • Some approval phishing scams have drained over $600,000 from victims.
  • These scams are often linked to broader investment fraud schemes, sometimes referred to as pig butchering.
  • Victims lose millions of dollars annually to these tactics.

A US Secret Service official stated, “Approval phishing and investment scams cost victims millions in financial loss each year.

Victim Outreach and Real Time Disruption

As part of the operation, authorities are actively contacting both victims and potential targets of crypto scams. The goal is to provide guidance on securing digital assets and preventing further losses.

Law enforcement teams are also working to:

  • Trace and seize stolen funds where possible.
  • Enable victim restitution efforts.
  • Disrupt scams in near real time.

Officials noted that scammers often impersonate trusted organizations, which is why dedicated verification tools such as phone lines and web pages have been introduced to help users confirm legitimacy.

Building on Previous Success and Global Crackdowns

Operation Atlantic builds on earlier initiatives such as Canada led Project Atlas, which reportedly prevented $70 million in losses and froze $24 million in stolen funds.

The launch also comes amid broader global efforts to combat crypto crime. Authorities have taken action against international fraud networks, including those linked to North Korea, and have increased scrutiny of scam operations in regions like South Asia.

Recent enforcement efforts have included:

  • Partnerships with private companies to remove thousands of fraudulent accounts.
  • Arrests linked to international scam networks.
  • Large scale crackdowns on scam compounds in Southeast Asia.

These developments highlight the increasing use of cryptocurrencies in complex financial crimes and the urgent need for coordinated global enforcement.

CoinLaw’s Takeaway

In my experience, this kind of cross-border cooperation is exactly what the crypto space needs right now. Scammers move fast and operate globally, so local enforcement alone simply cannot keep up. I found that initiatives like Operation Atlantic show a clear shift toward more serious and coordinated action.

If authorities can truly deliver on real time disruption and better victim support, it could significantly reduce the impact of these scams. Still, users need to stay cautious because even the best enforcement cannot fully eliminate human error in crypto transactions.

The post US, UK, Canada Launch Operation Atlantic to Tackle Crypto Scams appeared first on CoinLaw.

면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

추천 콘텐츠

Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Daily market key data review and trend analysis, produced by PANews.
공유하기
PANews2025/04/30 13:50
CME Group to Launch Solana and XRP Futures Options

CME Group to Launch Solana and XRP Futures Options

The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
공유하기
BitcoinEthereumNews2025/09/18 01:39
USD/CHF Forecast: US Dollar Plummets Toward 0.7850 as Fed Decision Looms

USD/CHF Forecast: US Dollar Plummets Toward 0.7850 as Fed Decision Looms

BitcoinWorld USD/CHF Forecast: US Dollar Plummets Toward 0.7850 as Fed Decision Looms The US Dollar continues its downward trajectory against the Swiss Franc,
공유하기
bitcoinworld2026/03/18 05:40