Operation Atlantic: 12M$ Crypto Scam Frozen

US, UK and Canadian authorities carried out “Operation Atlantic,” freezing more than $12 million linked to crypto phishing scams and identifying over 20,000 victims. Authorities say roughly $45 million was stolen in related scams; Binance supported the probe with account scanning and fraud intelligence, though frozen funds were on non‑Binance platforms. The report warns that approval‑phishing risks rise during volatility and cites Chainalysis data showing phishing losses up 30% in 2026. Market context: Bitcoin is trading around $77,776.90 with an uptrend and elevated volume. The enforcement action may reduce illicit liquidity and restore some confidence, but rising phishing losses pose ongoing downside risk to retail participation and could amplify volatility in BTC spot and futures markets.