More than $12 million has been frozen, and over 20,000 victims have been identified in an international law enforcement operation targeting cryptocurrency and investment scammers.

Authorities also uncovered more than $45 million in suspected cryptocurrency fraud losses worldwide. One UK victim identified during the operation is thought to have lost more than £52,000 to the fraud.

According to the FBI’s report, cryptocurrency remained a central element in fraud-related activity, with losses totaling $11.3 billion. Investment scams involving cryptocurrency accounted for $7.2 billion of that total, reflecting the continued reliance on digital assets in financial fraud schemes.

Led by the National Crime Agency (NCA), Operation…