An international law enforcement operation led by the U.K.’s National Crime Agency, dubbed Operation Atlantic, identified more than 20,000 victims of cryptocurrency fraud across Canada, the UK and the US and disrupted multiple fraud networks through real-time intelligence sharing and victim outreach. Investigators froze over $12 million in suspected proceeds from approval-phishing schemes, traced more than $45 million in stolen cryptocurrency, and noted parallel efforts such as the FBI’s Operation Level Up that uncovered thousands more victims. #OperationAtlantic #OperationLevelUp
Keypoints
- Operation Atlantic identified over 20,000 cryptocurrency fraud victims across Canada, the UK and the US.
- Investigators froze more than $12 million in suspected criminal proceeds tied to approval-phishing scams.
- Over $45 million in stolen cryptocurrency was linked to fraud schemes worldwide.
- The weeklong action involved the NCA, U.S. Secret Service, Ontario Provincial Police, Ontario Securities Commission, and private-sector partners using real-time intelligence sharing.
- Related efforts like the FBI’s Operation Level Up identified 8,000+ victims and the FBI reported 61,559 crypto investment fraud complaints in 2025 linked to $7.228 billion in losses.