Gate News reports that on March 16, the United States, the United Kingdom, and Canada law enforcement agencies jointly launched a cross-border operation called Operation Atlantic, focusing on combating approval-phishing scams targeting crypto users. The Ontario Securities Commission stated that these scams often disguise themselves as trusted apps or services through pop-ups and prompts, tricking users into granting malicious wallet permissions. Once authorized, attackers can control the wallet and transfer assets. Data shows that crypto scams generated at least $14 billion in on-chain illegal revenue by 2025. As more involved wallets are identified, the total scale could approach $17 billion. Law enforcement officials noted that current scams increasingly rely on social engineering, AI-generated content, and “Phishing-as-a-Service” platforms. This coordinated effort by multiple countries aims to identify compromised wallets, alert potential victims in a timely manner, and attempt to trace and freeze stolen crypto assets to reduce criminals’ profit opportunities.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Jane Street Seeks Dismissal of Terraform Labs Insider Trading Lawsuit
Gate News message, April 23 — Jane Street has filed a motion to dismiss the insider trading lawsuit brought by Terraform Labs' bankruptcy estate, arguing the case is a meritless attempt to shift blame for the Terra-Luna ecosystem collapse. In its filing with the U.S. District Court for the Southern
GateNews1h ago
U.S. Treasury Sanctions Cambodian Senator Over Crypto Scam Network
## Overview
The U.S. Treasury Department sanctioned Cambodian Senator Kok An and 28 entities associated with him on Thursday, according to the Treasury's Office of Foreign Assets Control (OFAC). The action targets what officials describe as a massive crypto scam operation in Southeast Asia.
## The
CryptoFrontier3h ago
Tether freezes $344 million in USDT on the Tron network: OFAC collaboration, two addresses implicated in sanctions evasion
According to a Decrypt 4/23 report, stablecoin issuer Tether froze two wallets on the Tron chain that day, totaling $344 million USDT—one of the largest single-instance freezing actions in Tether’s history. The entity coordinating the action did so in conjunction with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies. The two addresses were marked as allegedly involved in sanctions evasion, criminal networks, or other illegal activities.
Two Tron addresses total $344 million USDT frozen
Decrypt cites Tether data, saying that this freeze was concentrated on the Tron network, broken down into the following two transactions:
Address (prefix) Frozen amount Chain TNiq9…QZH81 About $213 million USDT Tron
ChainNewsAbmedia5h ago
Aave Freezes rsETH Reserves Across Five Networks Following KelpDAO Exploit
Gate News message, April 23 — Aave has frozen rsETH reserves across Ethereum Core, Arbitrum, Base, Mantle, and Linea as the recovery effort accelerates following the April 18 KelpDAO exploit that drained 116,500 rsETH, valued at approximately $292 million, from Kelp's cross-chain bridge.
Multiple D
GateNews5h ago
Consumer Federation Files Lawsuit Against Meta Over $16B Annual Revenue From Scam Ads
Gate News message, April 23 — The Consumer Federation of America (CFA) has filed a class-action lawsuit against Meta Platforms in Washington, D.C. Superior Court, accusing the social media giant of knowingly generating billions in revenue from scam advertisements while failing to protect
GateNews6h ago
Spain Seizes €400K in Crypto from Major Piracy Platform, Arrests Three Suspects
Gate News message, April 23 — Spanish authorities in Almería dismantled one of the country's largest Spanish-language piracy platforms and seized two crypto cold wallets containing approximately €400,000 (roughly $467,000) in assets.
GateNews6h ago
