International Operation Targets Multimillion-Dollar Crypto Theft Schemes

An international operation involving law enforcement agencies from the United States, the United Kingdom and Canada has targeted multimillion-dollar cryptocurrency theft schemes. The initiative identified over $45 million in stolen funds and successfully froze approximately $12 million in stolen assets. The week-long operation focused on a sophisticated form of approval phishing used in pig butchering investment scams, where criminals trick victims into granting full administrative access to their wallets.

Authorities said they identified more than 20,000 compromised wallet addresses spanning 30 different countries, and investigators directly contacted over 3,000 individuals to warn them of active threats to their assets. In addition, more than 120 fraudulent web domains used to facilitate cryptocurrency scams were taken offline.