Operation Atlantic has put a spotlight on approval phishing, one of the most dangerous scams in crypto today. Instead of directly stealing funds, attackers trick users into signing malicious permissions—giving them ongoing access to drain wallets without immediate detection.

Experts warn that this type of scam is particularly effective because victims unknowingly authorize the theft themselves. The joint effort by agencies and companies like Binance shows that real-time monitoring and industry cooperation are becoming essential tools in combating increasingly sophisticated crypto fraud schemes.