Operation Atlantic Freezes Millions in Stolen Crypto as US and UK Crack Down on Fraud
A major international crackdown led by agencies in the United States and United Kingdom has resulted in the freezing of over $12 million in stolen cryptocurrency through a coordinated effort known as Operation Atlantic.
The initiative, involving authorities like the U.S. Secret Service and the UK’s National Crime Agency, targeted large-scale “approval phishing” scams that trick users into granting access to their wallets. Investigators identified more than 20,000 victims across multiple countries and traced over $45 million linked to global crypto fraud networks.
The operation focused on real-time intervention, allowing authorities to freeze funds before they could be laundered through exchanges, marking a significant shift in how crypto crime is tackled. By combining blockchain analytics with cross-border collaboration and private sector support. Operation Atlantic not only disrupted active scams but also helped protect thousands of potential victims. The case highlights growing global coordination to combat crypto fraud, as regulators and law enforcement intensify efforts to secure the digital asset ecosystem.
Clever Robot News Desk 12th April 2025
