Over $300 million in cybercrime crypto seized in anti-fraud effort

Over $300 million in cybercrime crypto seized in anti-fraud effort

More than $300 million worth of cryptocurrency linked to cybercrime and fraud schemes has been frozen due to two separate initiatives involving law enforcement and private companies.

$74 Million in Crypto Scams Stopped: Inside Project Atlas and Operation Avalanche

Chainalysis worked with US and Canadian agencies to block over $74 million in crypto scams. Project Atlas stopped $70 million in potential theft and froze $50 million in USDT. Operation Avalanche uncovered $4.3 million in Ethereum scams targeting North American victims. Chainalysis has unveiled the information on two large cross-border crackdowns on cryptocurrency scams, the biggest one being Project Atlas. This effort, led by the Ontario Provin…