Svmuu News: Law enforcement agencies in the United States, the United Kingdom, and Canada have jointly launched a transnational operation called "Operation Atlantic," focusing on combating "approval-phishing" scams targeting cryptocurrency users. The Ontario Securities Commission stated that these scams typically use pop-ups and prompts disguised as trusted apps or services to trick users into granting permissions to malicious wallets. Once authorized, attackers can take control of the wallet and transfer assets. Data indicates that crypto scams generated at least approximately $14 billion in illicit on-chain revenue in 2025, and as more involved wallets are identified, the total is expected to approach $17 billion. Law enforcement agencies noted that current fraudulent activities increasingly rely on social engineering, AI-generated content, and “Phishing-as-a-Service” platforms. The operation is being carried out in coordination with law enforcement agencies across multiple countries. Regulators stated that the new initiative will help identify victim wallets, promptly alert potential victims, and attempt to track and freeze stolen crypto assets to limit criminals’ ability to profit further. (CoinDesk)