Operation Atlantic Freezes $12M in Crypto Fraud Proceeds via Global Task Force

International law enforcement task force 'Operation Atlantic,' led by the UK, US, and Canada, has successfully frozen over $12 million in proceeds from crypto approval phishing scams. The joint operation resulted in the disruption of more than 120 fraudulent domains used to target global investors. The US Secret Service played a pivotal role in the mission, which focused on dismantling key digital infrastructure used by cybercriminals. Authorities have identified over 20,000 victims affected by these sophisticated phishing schemes. While the recovery is a positive step for regulatory sentiment, analysts note the $12 million figure is minor relative to total global fraud losses. This crackdown underscores a growing trend of intensified international policing and cooperation within the digital asset space.