The United States, the United Kingdom, and Canada jointly launched "Operation Atlantic" to combat cryptocurrency fraud

According to Decrypt, the U.S. Secret Service will collaborate with the UK's National Crime Agency, the Ontario Provincial Police, and the Ontario Securities Commission, among other agencies, to launch an international joint operation called "Operation Atlantic," aimed at combating cryptocurrency scams such as "authorized phishing" or "pig butchering." These scams typically lure victims into granting access to their funds through online fake romantic relationships.

U.S. Secret Service officials stated that the operation will identify and dismantle these scams in near real-time, preventing criminals from profiting further. The UK side noted that such scams are becoming increasingly complex, and the operation aims to protect the public through early warnings and asset protection. This collaboration builds on the "Operation Atlas" initiated by Canadian authorities in 2024. According to a Chainalysis report, cryptocurrency crime alone caused losses exceeding $17 billion last year.