The authorities of the U.S., U.K., and Canada have conducted a joint operation focused on dismantling a widespread cryptocurrency fraud network that allegedly caused losses exceeding $45 million.

The intervention, called ‘Operation Atlantic,’ aimed primarily to halt the progress of criminal networks, as well as to track funds and identify victims.

According to information released by various involved agencies, including the U.S. Secret Service, the U.K.’s National Crime Agency (NCA), and Canadian police forces, the operation was carried out as a coordinated international action over approximately one week.

The main focus of the investigation has been a scam modality known as ‘approval phishing,’ a type of…