The U.S. Secret Service said on Monday it is working with allied-nation law enforcement partners to disrupt fraudsters that are targeting cryptocurrency investors through “approval phishing” scams that generate hundreds of millions of dollars of illegal profits for the crooks.

The international law enforcement effort – dubbed Operation Atlantic – is also focusing on identifying victims of approval phishing schemes, and warning people who may be at risk of being targeted.

“The operation aims to disrupt organized fraud schemes, assist victims on how to secure assets to prevent further loss, recover stolen funds and raise public awareness about cryptocurrency investment scams,” the Secret Service said.

In addition to the Secret…