On March 16, according to The Block, law enforcement agencies from multiple countries, including the U.S. Secret Service, the UK's National Crime Agency (NCA), and the Ontario Provincial Police (OPP), announced a joint international law enforcement operation codenamed "Operation Atlantic." This operation aims to combat organized cryptocurrency fraud schemes, focusing on identifying victims who have suffered financial losses or are at risk through "approval phishing."
"Authorization phishing" is often associated with so-called "pig butchering" investment scams, where criminals trick victims into granting full access to their cryptocurrency wallets to steal funds. The operation involved the Royal Canadian Mounted Police, the London Metropolitan Police, the U.S. Attorney's Office for the District of Columbia, and the UK Financial Conduct Authority (FCA), with support from private sector partners. This operation builds on the success of Project Atlas in 2024, using cross-border collaboration to prevent scams in real time.
