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Operation Atlantic Identifies 20,000 Crypto Fraud Victims

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Summary

Operation Atlantic, led by the UK's NCA, identified 20,000+ crypto-fraud victims across Canada, the UK and US, disrupted fraud networks, froze over $12 million in suspected proceeds, and identified over $45 million in cryptocurrency linked to fraud.

Key points

  • The NCA-led, weeklong Operation Atlantic involved law enforcement and private-sector partners in the UK, US and Canada.
  • Authorities said the operation identified more than 20,000 cryptocurrency fraud victims and disrupted multiple fraud networks through intelligence sharing and victim outreach.
  • Investigators froze more than $12 million in suspected proceeds linked to approval-phishing schemes, which trick victims into granting access to their crypto wallets.
  • Authorities identified more than $45 million in stolen cryptocurrency connected to fraud schemes worldwide.
  • Separately, the FBI said Operation Level Up had identified more than 8,000 victims of cryptocurrency investment fraud since January 2024.
  • The FBI's 2025 Internet Crime Report recorded 61,559 cryptocurrency investment fraud complaints and $7.228 billion in reported losses.

Article Details

Event Type
International law enforcement operation targeting cryptocurrency fraud networks
Impact
Operation Atlantic identified more than 20,000 victims across Canada, the UK, and the US, disrupted multiple fraud networks, froze more than $12 million in suspected criminal proceeds, and identified more than $45 million in stolen cryptocurrency connected to fraud schemes.

People

Miles BonfieldNCA Deputy Director of Investigations who commented on Operation Atlantic and its public-private partnership.

Countries

CanadaAgency, dubbed Operation Atlantic, identified more than 20,000 victims of cryptocurrency fraud across Canada, the UK and the US and disrupted multiple fraud networks through real-time intelligence sharing andUnited Kingdomdubbed Operation Atlantic, identified more than 20,000 victims of cryptocurrency fraud across Canada, the UK and the US and disrupted multiple fraud networks through real-time intelligence sharing and victim outreach.United StatesThe weeklong action involved the NCA, U.S.