What is approval phishing in crypto?

Scammers trick you into signing wallet permissions that let them drain your tokens endlessly—no direct transfers needed.

Did Binance have scam funds frozen in Operation Atlantic?

Nope. Zero on their platform, despite heavy involvement in intel and screening.

$12 million frozen out of $45 million identified stolen—across 20,000 victims in US, UK, Canada.

🔗 Crypto & Blockchain

Over 20,000 victims. $12 million frozen. Operation Atlantic just showed crypto scammers they're running out of places to hide their loot.

theAIcatchup Apr 09, 2026 4 min read

Operation Atlantic froze $12M from 20,000 crypto phishing victims across US, UK, Canada. 𝕏
Approval phishing lets scammers drain wallets via fake permissions—harder to spot than direct theft. 𝕏
Binance provided intel but no funds frozen on its exchange; signals growing public-private enforcement. 𝕏

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Markets. Money. Innovation.

#Binance investigations #Operation Atlantic #approval phishing #crypto scams

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Originally reported by Cointelegraph