The US, UK, and Canada have launched a joint operation called "Atlantic Action" to crack d

U.S., UK, Canada Launch 'Operation Atlantic' to Combat 'Pig Butchering' Crypto Scams

The feds are teaming up across the Atlantic. The U.S. Secret Service, UK's National Crime Agency, Ontario Provincial Police, and Ontario Securities Commission are launching "Operation Atlantic"—a joint effort to take down "authorized push payment" scams, better known as "pig butchering." The playbook? Fake online romances that trick victims into handing over access to their funds.

U.S. officials say the goal is real-time disruption, stopping criminals before they can cash out. The UK warns that these scams are getting more sophisticated—early warning and asset protection are now priorities. The operation builds on Canada's 2024 "Operation Atlas." With Chainalysis reporting over $17 billion in crypto crime losses last year, the timing is right.