{"id":80247,"date":"2026-04-10T17:01:36","date_gmt":"2026-04-10T17:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=80247"},"modified":"2026-04-10T17:01:36","modified_gmt":"2026-04-10T17:01:36","slug":"crypto-victims-relieved-or-too-late-what-operation-atlantic-really-means","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=80247","title":{"rendered":"Crypto Victims Relieved \u2013 Or Too Late? What Operation Atlantic Really Means"},"content":{"rendered":"
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Crypto companies and public authorities are joining forces in \u201cOperation Atlantic\u201d, a coordinated push to shut down crypto fraud schemes and approval\u2011phishing attacks.<\/p>\n

A Transnational Operation Against Crypto Phishing Scams<\/h2>\n

Operation Atlantic is a rare case of law enforcement moving in near real time to block scammers before funds fully disappear on\u2011chain. The operation is a joint UK\u2013US\u2013Canada venture led by the UK\u2019s National Crime Agency and the US Secret Service, targeting crypto investment and \u201capproval phishing\u201d scams. The multiparty operation is also joined by private industry partners like Chainalysis. The blockchain data and analytics company announced the partnership in a yesterday\u2019s post on their website<\/a>.<\/p>\n

As stated by Chainalysis:<\/p>\n

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Operation Atlantic\u2019s objective is simple but ambitious: spot victims and compromised wallets in real time,\u00a0freeze and secure illicit funds\u00a0before they can be\u00a0laundered through exchanges or services, generate new investigative leads on the fraud networks behind these scams, and lay the groundwork for ongoing investigations based on the intelligence collected during the operation.<\/p>\n<\/blockquote>\n

Inside Operation Atlantic\u2019s First Results<\/p>\n

The operation, announced last month, has yielded its first striking results.<\/p>\n

According to a new report from the National Crime Agency (NCA) of the United Kingdom<\/a>, more than 20,000 victims have been identified, with over 20,000 wallet addresses flagged and more than $12 million in suspected scam proceeds frozen.<\/p>\n

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More than $45 million stolen in cryptocurrency fraud schemes has been identified around the world.<\/p>\n<\/blockquote>\n

The report also highlighted that the operation identified one UK victim that lost more than \u00a352,000 to this type of fraud.<\/p>\n

Phishing 101<\/p>\n

In approval phishing scams, victims are tricked into signing malicious on\u2011chain approvals that grant the scammers permission to drain tokens directly from their wallets. These attempts are often disguised as investment opportunities or \u201caccount security\u201d prompts.<\/p>\n

Such tactics are increasingly favored by organized fraud networks because they bypass traditional password theft and rely on users misunderstanding what they are signing.<\/p>\n

Just yesterday, our sister website NewsBTC reported<\/a> that South Korean authorities are rolling out a new standardized withdrawal\u2011delay\u00a0across all exchanges in order to prevent damage from phishing scams that depend on speed.<\/p>\n

Last month, the Solana memecoin issuance platform Bonk.fun<\/a> was hichjacked by a phishing scam that set up a fake \u201cTerms of Services\u201d (TOS) signature prompt which, when signed, allowed the drainer to move the unaware user\u2019s funds.<\/p>\n

At the beginning of the month, the social network X announced<\/a> it is in the process of rolling out its toughest anti-crypto scam measure to date, particularly design to combat phishing scams.<\/p>\n

As law enforcement becomes more adept at tracing and freezing stolen funds, scam operations will likely move to more complex laundering routes, creating both new tail risks and new on\u2011chain data signals for sophisticated traders to track.<\/p>\n

\"Bitcoin,<\/p>\n

Cover image from Perplexity. BTCUSDT chart from Tradingview.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto companies and public authorities are joining forces in \u201cOperation Atlantic\u201d, a coordinated push to shut down crypto fraud schemes and approval\u2011phishing attacks. A Transnational Operation Against Crypto Phishing Scams Operation Atlantic is a rare case of law enforcement moving in near real time to block scammers before funds fully disappear on\u2011chain. The operation is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-80247","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/80247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80247"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/80247\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}