Operation Atlantic: 12M$ Crypto Scam Frozen

US, UK, and Canadian authorities froze millions of dollars linked to crypto scams through a joint operation called Operation Atlantic. The phishing-focused operation conducted in March was coordinated by the UK National Crime Agency (NCA), US Secret Service, Ontario Provincial Police, and Ontario Securities Commission.

Frozen Crypto Funds and Number of Victims in Operation Atlantic

• Over 20,000 victims identified (US, Canada, UK)
• Over 12 million dollars in suspected criminal proceeds frozen
• Over 45 million dollars stolen through crypto scams

NCA Assistant Investigation Director Miles Bonfield emphasized that the operation demonstrated the power of collaboration between international institutions and the private sector. Binance provided support to the investigation with a dedicated team: account scanning, fraud intelligence, and fake website detection. The frozen funds were on platforms outside Binance.

How to Prevent Approval Phishing Scams?

Approval phishing tricks users into signing malicious smart contract approvals. This allows scammers to withdraw tokens from wallets. Deeper analysis: Fake MetaMask approval screens or Discord links are common. Protection: Check approvals on Etherscan, use a hardware wallet.

Crypto Phishing Dangers in the BTC Market

These scams target Bitcoin and altcoin investors, as highlighted in BTC detailed analysis. Those trading BTC futures are also at risk; phishing increases during market volatility. Chainalysis data shows that phishing losses increased by 30% in 2026.

Frequently Asked Questions About Crypto Scam Operations

How many victims did Operation Atlantic save?

Over 20,000 victims identified, 12M$ frozen.

How did Binance contribute to Operation Atlantic?

Supported with account scanning and intelligence.

How do I recognize approval phishing?

Unexpected approval requests and fake sites are the main signs.