Operation Atlantic: US and UK Team Freeze Millions in Stolen Crypto
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Operation Atlantic (week-long sprint starting Mar 27) identified >$45M in stolen crypto, traced >20,000 victim wallets and froze $12M. Joint action by US Secret Service, UK NCA, Ontario police/OSC with Coinbase, Binance and Chainalysis focused on approval phishing scams as the primary attack vector. Highlights systemic security risk in crypto/CEX ecosystems but law‑enforcement and exchange collaboration to freeze funds and trace victims may boost accountability and adoption.
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- Operation Atlantic identified over $45M in stolen crypto linked to global fraud schemes.
- Authorities froze $12 million in funds while tracing more than 20,000 victim wallets.
- Approval phishing scams emerged as the primary attack vector behind these losses.
A coordinated law enforcement operation led by agencies in the United States, United Kingdom, and Canada has identified more than $45 million in stolen cryptocurrency tied to global fraud schemes.
The initiative, known as Operation Atlantic, ran as a week-long enforcement sprint starting March 27.
It brought together the US Secret Service, the UK’s National Crime Agency (NCA), Ontario Provincial Police, and the Ontario Securities Commission, along with private sector partners including Coinbase, Binance, and Chainalysis.
The operation focused on approval phishing scams, a fast-growing attack method used t…
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