Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Empowering Delta Police to Fight Cryptocurrency Fraud through Operation Spincaster
ADOPTION NEWS

Empowering Delta Police to Fight Cryptocurrency Fraud through Operation Spincaster

By Crypto FlexsJanuary 11, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Empowering Delta Police to Fight Cryptocurrency Fraud through Operation Spincaster
Share
Facebook Twitter LinkedIn Pinterest Email

Peter Jang
January 10, 2025 12:23

Delta Police, with support from Chainalytic, tracks and freezes millions of dollars in fraudulent wallets through Operation Spincaster, strengthening local law enforcement’s cryptocurrency crime capabilities.





In a strategic move to curb the growing number of cryptocurrency scams, Canada’s Delta has become the latest battleground in the war against digital fraud. According to Chainalytic, local law enforcement partners with Chainalytic are equipped with cutting-edge tools to track and freeze illicit funds as part of Operation Spincaster.

Impact of Operation Spincaster

Operation Spincaster, a pioneering initiative launched by Chainalytic, aims to disrupt and prevent fraud by combining the synergy of public-private sector collaboration and blockchain intelligence. Initially successful on a national scale, the operation has now expanded to Delta, a city with a population of more than 100,000.

The plan, known locally as Operation DeCloak, saw Chainalytic partner with the Delta Police Department on a two-day sprint in September 2024. The operation involved seven law enforcement agencies, including the Royal Canadian Mounted Police and the Vancouver Police Department, as well as two cryptocurrency exchanges. , among other things. This is the second Spincaster sprint in Canada, highlighting the country’s proactive stance against fraud.

Scale of cryptocurrency fraud revealed

During the investigation, investigators identified more than 1,100 victims of cryptocurrency fraud, with losses exceeding US$25 million. This was revealed through a detailed analysis of 240 cryptocurrency addresses. Participating organizations are actively informing victims and working to recover stolen funds.

The success of this effort is due to the transparency of blockchain technology, which allows the team to gather information and investigate fraud related to authorization phishing (a tactic where fraudsters trick users into approving fraudulent transactions).

Expanding law enforcement capabilities

Delta Police Department Cyber ​​Crime Unit has benefited from the training provided and applied new techniques to ongoing investigations to identify additional stolen funds. This included a blacklisted address containing US$1.2 million that was scheduled to be seized by international law enforcement.

Sergeant Jill Long of the Delta Police Department emphasized the importance of collaboration, saying the expertise and tools provided by Chainalytic are invaluable in identifying victims and tracking stolen funds.

Public-private cooperation and blockchain analysis

The success of Operation DeCloak highlights the power of collaboration between the public and private sectors to combat fraud by leveraging advanced blockchain intelligence. The plan highlights the need for continued vigilance and proactive action in monitoring and freezing funds associated with fraudulent activities.

Chainalysis is committed to strengthening the cryptocurrency ecosystem’s ability to combat illicit activity and continues to work with law enforcement and exchanges to further these efforts.

Fighting Cryptocurrency Fraud

Chainalytic provides comprehensive cryptocurrency investigation solutions to help uncover leads, analyze financial flows, and disrupt illicit activity. This solution helps law enforcement agencies and exchanges effectively combat cryptocurrency fraud and other cybercrimes.

Through international collaboration and cutting-edge technology, Chainalytic continues to support the fight against cryptocurrency fraud, ensuring a safer digital environment for communities around the world.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA unveils the Nemotron-H reasoning model for enhanced throughput.

June 8, 2025

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025

VEXI Village unveils new features and events in June.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Circle refused to buy $ 5 billion in Ripple. It is worth more than $ 20 billion after NYSE debut.

June 8, 2025

NVIDIA unveils the Nemotron-H reasoning model for enhanced throughput.

June 8, 2025

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025

40% mask token conflict in Trump vs. Elon Musk

June 8, 2025

Gemini IPO submissions will bring the Winklevoss Crypto company to Wall Street.

June 8, 2025

CUDIS bets on longevity exercises by betting on wearable, AI and solana tokens.

June 8, 2025

VEXI Village unveils new features and events in June.

June 7, 2025

Solana Whale will not announce $ 17 million in four years. Should I worry?

June 7, 2025

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Circle refused to buy $ 5 billion in Ripple. It is worth more than $ 20 billion after NYSE debut.

June 8, 2025

NVIDIA unveils the Nemotron-H reasoning model for enhanced throughput.

June 8, 2025

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025
Most Popular

According to trader Michaël van de Poppe, altcoins are almost at the end of a market correction. Here is his timeline:

January 4, 2025

Dogecoin’s $1 target could be achieved if these conditions are met.

August 11, 2024

Cryptocurrency casino Shuffle partners with decentralized launchpad Bazaar to power liquidity bootstrapping pool.

March 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.