๐จ LATEST: U.S., UK, and Canada launch crackdown on crypto phishing
Authorities from the United States, United Kingdom, and Canada have launched a joint operation targeting crypto approval phishing scams. $PEPE
The operation is being led by the United States Secret Service in coordination with international partners. $DOGE
Key data:
โข ๐ธ $83.85M stolen from victims in 2025
โข ๐ฅ Around 106,000 victims affected
โข ๐ Losses are down 83% from $494M in 2024 $LINK
Figures were reported by Scam Sniffer.
What the scams involve:
โข ๐ฃ Fake websites prompting users to approve malicious wallet transactions
โข ๐ Attackers gaining permission to drain tokens from wallets
โข ๐ฒ Often spread through social media
phishing links, or fake airdrops
๐ Security takeaway:
Despite the drop in total losses, approval phishing remains one of the most common crypto attack vectors, prompting coordinated enforcement from agencies in the United States, United Kingdom, and Canada.