Global Authorities Move Against Crypto Phishing, 20K Victims Revealed

The operation also identified more than $45 million in cryptocurrency fraud tied to the same network of scams.

Operation Atlantic was run in March and brought together the NCA, the US Secret Service, the Ontario Provincial Police and the Ontario Securities Commission.

The NCA said the operation identified victims across the UK, the US and Canada, and one UK victim was thought to have lost more than £52,000.

The exchange said no funds were frozen on Binance accounts. That point matters because it suggests the criminal proceeds were being held elsewhere when the sweep took place, even though Binance still played a role in tracing the wider scam network.

Featured image from Unsplash, chart from TradingView