With the US Secret Service, Canadian officials prevented the fraud operation targeting Ethereum users. According to the statements made, a total of $ 4.3 million was prevented.
Crypto Money Operation
Operation Avalanche in the study, US security forces and Canadian regulatory institutions acted together. Securities, police units, crypto platforms and Blockchain analysis companies contributed to the process. The aim was to detect the operations in the suspicious crypto wallets and prevent the damage from increasing.
In the “approval phishing”, called fraud method, users click on the misleading links and give transaction approval in their wallets. In this way, the attackers were trying to reach the wallets of the victims and attract funds. Authorities, identified users at risk and sent warning messages.
“The operation brought together various sectors in the USA and Canada.” – Special agent Matt McCool from the US Secret Service.
Numerous investors experience huge losses every day with the approvals given to harmful agreements. The strict monitoring and cooperation of the US secret service shows that these losses can be prevented significantly. Many countries are trying to protect them from damage by warning them before and at the time of defrauding potential victims to prevent attacks. It has also become a digital patrol, which also began to be applied frequently in preventing digital fraud cases outside of this crypto.
International cooperation
International coordination played an important role in preventing similar fraud attempts in digital environment. The contribution of Canadian regulatory institutions was effective in identifying suspicious wallets and giving information to the victims. The Ontario Menkul Association Commission tried to prevent the possible increase in damages.
“In this way, we warned the victims and prevented more losses.” -ONTARIO SECURITY PROCESS COMMISSION Vice President Bonnie Lysyk.
The operation revealed the importance of international cooperation against fraud methods on digital platforms. Authorities continue to take measures to reduce crime activities using technological infrastructure. It is recommended to develop continuous information and monitoring mechanisms to ensure user security.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
