What is Operation Atlantic?

Operation Atlantic is a joint international law enforcement initiative launched on March 16, 2026 by the U.S. Secret Service, UK National Crime Agency, Ontario Provincial Police, and Ontario Securities Commission. It targets approval phishing and pig butchering crypto scams in real time.

What is approval phishing in cryptocurrency?

Approval phishing tricks victims into signing a smart contract permission that grants criminals full spending authority over their crypto wallet. Victims see a fake pop-up from what appears to be a trusted app asking them to approve a transaction. Once approved, all tokens can be transferred irreversibly.

What is pig butchering in crypto fraud?

Pig butchering is long-term investment fraud where criminals build trust through fake romantic relationships over weeks or months before directing victims to fraudulent crypto platforms. Approval phishing is often the final step where the victim's wallet is drained.

How can I check if my crypto wallet has been compromised?

Use Revoke.cash or Etherscan Token Approval Checker to review all active wallet approvals. Revoke any permissions you do not recognize. Move significant holdings to a hardware wallet stored offline.

What should I do if I am a victim of a crypto phishing scam in Florida?

Act immediately: revoke all wallet approvals and transfer remaining assets to a new hardware wallet. Document everything. Report to FBI IC3 at ic3.gov and the FTC at reportfraud.ftc.gov. Consult a crypto attorney for civil recovery and blockchain tracing. Beware of recovery scams.