🚨 CRYPTO: OPERATION ATLANTIC FREEZES $12M AND UNCOVERS $45M IN GLOBAL CRYPTO PHISHING SCAMSA joint international operation co-hosted by the UK's National Crime Agency, US Secret Service, Ontario Provincial Police and Ontario Securities Commission has frozen over $12 million and identified more than 20,000 victims of approval phishing schemes. An additional $33 million linked to investment fraud was flagged for further investigation, bringing the total to over $45 million.The week-long operation in March tar ...

😎SPECIAL OPS: U.S. SECRET SERVICE WORKING WITH UK & CANADA TO STOP CRYPTO FRAUDAuthorities in the United States, United Kingdom, and Canada will collaborate on “Operation Atlantic,” a joint international initiative to identify and squash “pig butchering” scamsThe Secret Service will work in tandem with the U.K. National Crime Agency and the Ontario Provincial Police, Ontario Securities Commission, among others in public and private services. ...

'Operation Atlantic': US Secret Service Teams With UK, Canada to Stop Crypto Fraudhttps://t.co/ghSXQqAT6X ...

RT Ous (@DangaWrites)A federal judge in California sentenced Daren Li to 20 years for a crypto fraud and laundering scheme that moved $73.6M in victim funds⚖️Li pleaded guilty in 2024, then fled custody last year after cutting his ankle monitor.Full report ⤵️ ...

Core Insights - The US Department of Justice (DOJ) is shifting its approach to crypto enforcement, viewing digital assets as integral to large-scale fraud operations rather than isolated scams [1][2] Group 1: DOJ's New Approach - The DOJ's 2025 Year in Review indicates a significant increase in crypto-related fraud cases, with 265 defendants charged and an aggregate intended loss exceeding $16 billion, more than double the previous year [2] - The Fraud Section of the DOJ operates specialized units, including the Health Care Fraud Unit, which manages the seizure of crypto alongside other assets [3] Group 2: High-Profile Cases - A notable case involved a $1 billion Medicare fraud scheme targeting elderly patients, resulting in over $600 million in improper Medicare payments, with authorities seizing more than $7.2 million in assets, including crypto [4] - Travis Ford, former CEO of Wolf Capital, was sentenced to five years in prison for a $9.4 million crypto investment scam that promised 547% annual returns to approximately 2,800 investors, reflecting the DOJ's strategy of treating crypto as traditional illicit assets [5]

LATEST: 🇺🇸 Two US senators have introduced a bipartisan bill called the SAFE Crypto Act that would establish a federal task force to help identify, track and stop crypto fraud. https://t.co/dnjlo9E7yM ...

🚨 POLICY: US Prosecutors Seek 12-Year Sentence for Terraform Founder Do Kwon in Crypto Fraud Case@sndr_krisztian reports:https://t.co/9FGN0YPPms ...

Interpol Elevates Scam-Compound Network to Global Threat as Crypto Fraud Spreads► https://t.co/6oiOTJ0W5R https://t.co/6oiOTJ0W5R ...

London Police Arrest Five in $1.3 Million Crypto Fraud Investigation► https://t.co/ZC8zT1rO81 https://t.co/ZC8zT1rO81 ...

Core Viewpoint - The FTX Recovery Trust is suing Genesis Digital Assets and its co-founders for $1.15 billion, alleging mismanagement of funds by former FTX CEO Sam Bankman-Fried [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Bankman-Fried purchased shares of Genesis Digital Assets using commingled customer funds at inflated prices [1][2]. - It is stated that Bankman-Fried's transactions were fraudulent transfers, benefiting him personally as he owned 90% of Alameda Research, which held the GDA shares [2][3]. - The lawsuit emphasizes that the funds used for these purchases were misappropriated from FTX.com exchange customers [2][3]. Group 2: Background on Bankman-Fried - Bankman-Fried was arrested and charged for defrauding customers out of billions, currently serving a 25-year sentence after being found guilty on seven charges [4]. - His management of FTX involved using customer funds to cover risky bets made by Alameda Research, leading to the exchange's collapse [4][5]. Group 3: Genesis Digital Assets - Genesis Digital Assets was initially based in Kazakhstan but has since expanded to have data centers in the U.S. and Europe, with its headquarters now in Dubai, UAE [3]. - The company has not commented on the lawsuit when approached by media [3].