U.S. Secret Service to work with the UK and Canada to combat crypto fraud
JH Kim
Summary
- The U.S. Secret Service said it will launch a joint operation with UK and Canadian investigative agencies to eradicate crypto fraud.
- The three agencies said that through Operation Atlantic, they plan to crack down on crypto investment scams known as “pig butchering.”
- They said they will track related criminal networks through international cooperation and step up enforcement.
Forecast Trend Report by Period
The U.S. Secret Service (USSS) will join a joint operation with UK and Canadian law enforcement agencies to eradicate crypto (cryptocurrency) fraud.
According to crypto-focused media outlet Decrypt on the 16th (local time), the U.S. Secret Service plans to pursue “Operation Atlantic.”
The operation targets crypto investment scams known as “pig butchering,” a scheme in which perpetrators build trust over an extended period before presenting fake investment opportunities to steal victims’ funds.
The three agencies plan to track related criminal networks through international cooperation and step up enforcement.
JH Kim
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