Global Crackdown on Crypto Phishing: US, UK & Canada Take Action
Authorities across the U.S., UK, and Canada have launched a powerful joint operation to combat the growing threat of crypto approval phishing scams. Led by the , the coordinated effort aims to dismantle networks that trick users into granting malicious wallet approvals and draining their digital assets.
According to blockchain security platform , crypto phishing attacks have already caused $83.85 million in losses across more than 106,000 victims in 2025. While the numbers remain significant, the data shows a major improvement compared to $494 million lost in 2024, marking an 83% decline in total losses.
Experts say the drop is a result of stronger enforcement, improved wallet security tools, and growing awareness among crypto users. Still, authorities warn that phishing tactics are constantly evolving, urging traders and investors to remain cautious when approving smart contracts or connecting wallets to unknown platforms.
This international crackdown signals that regulators and law enforcement are stepping up efforts to protect the rapidly expanding crypto ecosystem from sophisticated scams. 🔐📉
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