TechFlow news, April 17 — According to Financefeeds, "Operation Avalanche," led by the British Columbia Securities Commission (BCSC), has identified 89 Ethereum wallets affected by "authorized phishing" attacks.
The two-day joint operation involved the Ontario Securities Commission (OSC), law enforcement agencies, multiple cryptocurrency trading platforms, and blockchain analytics firm Chainalysis. Participating crypto platforms included Netcoins, Ndax, Coinbase Canada, Wealthsimple, Shakepay, Kraken, and Coinsquare.
Regulators have contacted affected users via phone or email to prevent further losses. Fraudsters reportedly used social media deepfakes and romance scams to emotionally manipulate victims into unknowingly granting them permission to withdraw assets.
