US, UK, and Canada initiate Operation Atlantic to combat crypto approval-phishing scams

The U.S. Secret Service, alongside partners like the UK’s National Crime Agency, is leading Operation Atlantic to combat approval-phishing scams, which trick victims into relinquishing control of their wallets.

In 2025, crypto phishing losses totaled about 83.85 million USD, marking an 83% decrease from 2024’s figures. However, scam tactics have evolved, presenting ongoing challenges.

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