The two -day operation of Canadian law enforcement agencies helped to detect 89 victims of cryptocurrency fraud, in which attackers stole more than $ 4 million in digital currencies.

The operation was attended by Canadian securities market regulators from Alberta, Onterio and Quebec, the Royal Canadian Horse Police (RCMP), Vancouver and Delta police officers, as well as the US Secret Service and Netcoins, NDAX and COINBASE crypto -platform specialists.

The organizers of the operation were looking for compromised user wallets on the Ethereum blockchain. The main goal of the Avalanche operation was the suppression of the participants of the fraudulent scheme, known as “approval phishing” when the victims of deceit were encouraged to voluntarily provide access to cryptocurrency wallets, after the funds were transferred to the accounts of attackers.

“Fraudsters often act as organized criminal groups outside Canada, which complicates traditional methods of combating such crimes. We strive to protect investors and prevent further losses, informing the victims in the early stages, ”law enforcement officers said.

During the investigation, the Canadian police notified 89 victims of scammers so that investors can take the necessary measures to protect the remaining digital assets.

The Center for the Analysis of Financial Operations and Reports of Canada (Fintrac) said that he intends to strengthen monitoring and analysis of cryptocurrency transactions to counteract the laundering of illegal income.