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International probe disrupts $62M in crypto fraud, freezes $16M – National

International probe disrupts $62M in crypto fraud, freezes $16M – National

An international law enforcement operation has disrupted more than $62 million CAD in cryptocurrency fraud and frozen millions in stolen funds, authorities said Thursday.

Dubbed Operation Atlantic, the week-long campaign involved agencies from Canada, the United States and the United Kingdom, targeting so-called “approval phishing” scams.

Investigators identified more than 20,000 cryptocurrency wallet addresses linked to victims across more than 30 countries, including Canada, the U.S. and the U.K.

Officials said over $16 million CAD in stolen funds has been frozen with the aim of returning it to victims, while an…

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