U.S. and British law enforcement agencies joined forces with mainstream encryption companies such as Coinbase and Kraken to launch a joint law enforcement operation codenamed "Operation Atlantic." The core of the operation was to use the exchange's on-chain analysis capabilities to accurately track and freeze millions of dollars in assets related to a series of cryptocurrency investment fraud cases.

The operation marks a major upgrade in the model of cooperation between government agencies and private crypto companies. The previous situation of "everyone sweeping away the snow" has been broken, and a complete attack chain from intelligence sharing to asset freezing has been formed. This not only improves the efficiency of recovering stolen money, but also sends a clear deterrent signal to global fraud gangs: it is becoming increasingly difficult to use cryptocurrency to launder money and transfer stolen money.

For ordinary retail investors, this is undoubtedly good news. On the one hand, strengthened cooperation between the industry and supervision will help purify the market environment and reduce fraud cases in the long run. On the other hand, this also reminds us that the compliance and security capabilities of mainstream exchanges are crucial. Choose a platform that has partnerships with top law enforcement agencies, and asset security will be more secure. When trading, don’t forget to compare prices on platforms such as CoinRebate. For the same transaction, low rates can help you save more principal.

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This article was edited by CoinRebate AI, data source: Decrypt

The United Kingdom and the United States join forces with Coinbase and other giants in "Operation Atlantic" to freeze millions of dollars in fraudulent crypto assets