
More Than 2,000 Australian Crypto Wallets Compromised: Federal Police
Published on August 6, 2024
More than 2,000 crypto wallets belonging to Australians have been compromised, according to the Australian Federal Police (AFP). The AFP worked with U.S. blockchain data platform Chainalysis to target criminal cryptocurrency scammers. A global investigation, known as Operation Spincaster, exposed criminals using a tactic known as “approval phishing.” Since May 2021, scammers have used approval phishing to allegedly steal more than $4 billion (US$2.7 billion) in cryptocurrency globally. The federal police agency said it has now been able to garner more intelligence on cryptocurrency scam tactics to protect Australians. AFP Detective Superintendent Tim Stainton said cybercrime cannot be tackled by one country or agency alone....
