Binance Participates in UK NCA Joint Operation to Combat Crypto Authorization Phishing Scams

Odaily News Binance announced its participation in the international law enforcement operation "Operation Atlantic" led by the UK's National Crime Agency (NCA), collaborating with law enforcement agencies from multiple countries to combat crypto and investment scams, with a focus on "approval phishing" schemes. The operation was jointly initiated by the NCA, the U.S. Secret Service, and relevant law enforcement and regulatory bodies in Ontario, Canada, aiming to identify victims who have already been compromised or are at risk. Approval phishing typically involves disguising itself as an investment opportunity to lure users into authorizing wallet access permissions, thereby transferring assets.

During the operation, Binance's special investigation team provided on-site support in London, including scam identification processes, risk screening, intelligence analysis, and assisted in identifying potential victims and related malicious websites. Simultaneously, Binance also provided law enforcement agencies with intelligence on involved addresses and suspects, supporting asset tracking and enforcement actions.

The NCA stated that this operation has successfully protected thousands of potential victims in the UK and overseas. Binance emphasized that it will continue to collaborate with global law enforcement agencies to strengthen efforts in combating crypto scams.