US, UK and Canada coordinate Operation Atlantic to combat crypto approval phishing losses exceeding $83 million

In a statement on Monday, the U.S. Secret Service said it is leading Operation Atlantic with UK and Canadian agencies to target criminal groups behind crypto approval-phishing scams. The campaign focuses on identifying victims, recovering funds and educating the public, after such scams caused $83.85 million in losses across 106,106 victims in 2025, down sharply from $494 million in 2024.