"Operation Atlantic successfully identified over $45 million in stolen funds and froze approximately $12 million in stolen assets, which will be returned to the victims."
"The operation targeted sophisticated approval phishing tactics, commonly used in pig butchering investment scams, where criminals trick victims into granting access to their cryptocurrency wallets."
"Authorities identified more than 20,000 compromised wallet addresses across 30 countries and directly contacted over 3,000 individuals to warn them of active threats to their assets."
"More than 120 fraudulent web domains used to facilitate cryptocurrency scams were taken offline during the operation, aiming to reduce the impact of these criminal activities."
Operation Atlantic involved law enforcement from the US, UK, and Canada, targeting cryptocurrency theft schemes. The operation identified over $45 million in stolen funds and froze approximately $12 million in assets for victim restitution. It focused on approval phishing tactics used in pig butchering scams, where criminals gain access to victims' wallets through fraudulent means. Authorities found over 20,000 compromised wallet addresses and contacted more than 3,000 individuals about threats. Additionally, over 120 fraudulent domains were taken offline to combat these scams.
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