U.S. Secret Service Uncovers $4.3 Million in Stolen Ethereum During Operation Avalanche

On April 17th, COINOTAG reported on a significant initiative dubbed Operation Avalanche, orchestrated by the U.S. Secret Service in collaboration with Canadian authorities. This operation is targeted at dismantling phishing scams that have been plaguing the Ethereum network. By meticulously tracking wallets implicated in these thefts, officials successfully uncovered stolen funds amounting to an impressive total of $4.3 million. The collaborative efforts between U.S. and Canadian law enforcement aim not only to seize the assets but also to ensure victims are compensated. This step reinforces the importance of international cooperation in the ongoing battle against cryptocurrency fraud and highlights the measures being taken to safeguard investments in the burgeoning digital assets space.