Binance announced its participation in and support of Operation Atlantic, the UK’s National Crime Agency (NCA)-led international law enforcement operation targeting cryptocurrency and investment scammers. Binance, along with other private industry partners and law enforcement agencies, joined Operation Atlantic, a week-long event and effort co-hosted by the NCA, US Secret Service, Ontario Provincial Police and Ontario Securities Commission. The operation focused on identifying victims who have lost, or were at risk of losing, cryptocurrency through approval phishing scams.
On-site at the NCA’s London headquarters, Binance’s Special Investigations team deployed investigative support, including live account screening and proactive scam intelligence, as part of the international law enforcement operation. The operation identified more than 20,000 victims across the UK, Canada and the United States with over $12 million in suspected criminal proceeds frozen. The Binance Special Investigations team on the ground operated in real-time—screening and identifying thousands of victims on behalf of the operation, delivering rapid victim identification to support law enforcement outreach and intervention efforts.
No funds were seized or frozen from Binance accounts as the criminal proceeds targeted by the operation were held outside of the Binance platform. Binance continues to work closely with law enforcement agencies globally to further protect the blockchain ecosystem from bad actors and ensure a secure environment in the digital assets space to advance security and innovation together. In 2025, Binance supported more than 71,000 law enforcement requests and assisted in the confiscation of more than $131 million in illicit funds.
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