Key Takeaways:

• The NCA’s Operation Atlantic froze over $12 million in criminal crypto proceeds and identified 20,000 victims across 3 countries.
• More than $45 million in total cryptocurrency fraud was mapped globally, signaling how widespread approval phishing has become.
• The NCA and partners will continue analyzing Operation Atlantic intelligence to pursue suspects and support additional victims.

Operation Atlantic: NCA Targets Approval Phishing Scams, Freezes Over $12 Million

The weeklong action, called Operation Atlantic, was co-hosted by the NCA, U.S. Secret Service, Ontario Provincial Police and the Ontario Securities Commission. The operation focused on a fraud method known as approval phishing, where criminals trick victims…