The U.S. Secret Service launches "Avalanche Operation" to combat Ethereum phishing scams

ChainCatcher news, according to The Block, the U.S. Secret Service has launched "Operation Avalanche" to combat phishing scams on the Ethereum network. This operation brought together Canadian securities regulators, multiple Canadian police agencies, cryptocurrency exchanges, and a blockchain analytics company, aiming to locate stolen wallets on the Ethereum blockchain. During this operation, stolen funds amounting to $4.3 million were discovered.