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Operation Spincaster

Australian federal police to probe 2,000 exploited crypto wallets

Chainalysis’ Operation Spincaster found over 2,000 Australian-owned crypto wallets were hit by “approval phishing” scams.

The Australian Federal Police says its investigating losses from a spate of crypto phishing scams, which have impacted at least 2,000 Australian-owned crypto wallets.

It follows a Chainanalysis investigation — named Operation Spincaster — which found thousands of crypto wallets belonging to Australians had been exploited via “approval phishing” tactics.

“The intelligence we have gathered collaboratively throughout Operation Spincaster has shed a clear light on new tactics being used by cybercriminals in their continued efforts to defraud Australians,” AFP Detective Superintendent Tim Stainton said in an Aug. 4 statement.

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