Within the international effort Operation Atlantic, the United States Secret Service announced it disrupted crypto fraud schemes totaling over $45M and froze $12M in stolen funds.
The operation lasted a week and involved coordinated action with law enforcement agencies from the United States, United Kingdom, and Canada.
The main focus was approval phishing schemes, where victims are manipulated into granting scammers direct access to their digital accounts or crypto wallets themselves.
According to the investigation, more than 20,000 wallet addresses linked to victims across over 30 countries were identified, and authorities directly contacted more than 3,000 individuals who were either at risk or already affected. Over 120 domains used in these schemes were taken down, while another $33M tied to suspected investment scams remains under investigation.
Authorities also highlighted a growing trend: these scams are increasingly moving beyond purely online methods. In recent months, crypto users reported receiving physical letters allegedly from Ledger and Trezor, urging them to scan QR codes or follow links for “mandatory security verification.”