Binance Supports NCA Crypto Fraud Operation
Analysis based on 6 articles · First reported Apr 09, 2026 · Last updated Apr 09, 2026
The successful international law enforcement operation, Operation Atlantic, supported by Binance, has a positive impact on the cryptocurrency market by enhancing trust and security. The freezing of $12 million in criminal proceeds and identification of over 20,000 victims demonstrates a concerted effort to combat fraud, which could encourage broader adoption and investment in digital assets by reducing perceived risks.
Binance, the world's largest cryptocurrency exchange, announced its participation in and support of Operation Atlantic, an international law enforcement operation led by the United Kingdom — National Crime Agency of the United Kingdom. Co-hosted by the United States — United States Postal Service, Canada — Ontario Provincial Police, and Canada — Ontario Securities Commission, the week-long operation targeted cryptocurrency and investment scammers, specifically those using approval phishing scams. Binance's Special Investigations team provided on-site investigative support, including live account screening and proactive scam intelligence, at the United Kingdom — National Crime Agency's London headquarters. The operation successfully identified over 20,000 victims across the United Kingdom, Canada, and the United States, resulting in the freezing of over $12 million in suspected criminal proceeds. No funds were seized from Binance accounts, as the targeted proceeds were held outside its platform. Miles Bonfield of the United Kingdom — National Crime Agency and Flavio Tonon of Binance emphasized the effectiveness of public-private partnerships in combating global fraud and protecting the blockchain ecosystem.
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