Investigations

Operation Atlantic was a week-long multinational law enforcement operation conducted in late March and early April 2026, co-hosted by the U.S. Secret Service, the UK National Crime Agency, the Ontario Provincial Police, and the Ontario Securities Commission. The operation targeted cryptocurrency approval phishing fraud networks spanning more than 30 countries, resulting in $12 million in stolen funds frozen, over 20,000 compromised wallet addresses identified, 120 scam domains disrupted, and $45 million in total fraud identified. No criminal arrests or indictments were publicly announced as part of this operation; its primary mandate was disruption, victim outreach, and asset freezing.

Disruption Week was a coordinated public-private enforcement operation announced on June 3, 2026 by the U.S. Department of Justice's Scam Center Strike Force. The operation targeted Southeast Asian cryptocurrency investment fraud networks — commonly known as pig butchering scams — resulting in the disruption of more than 1.4 million social media accounts, the freezing of approximately $3.8 million in cryptocurrency, the removal of thousands of Starlink kits from scam compounds, and seven arrests in Thailand. This was the first major coordinated action of its kind, combining federal law enforcement with Apple, Coinbase, Google, Meta, Microsoft, SpaceX, and multiple international law enforcement agencies.

BUIDL is a tokenized U.S. dollar money market fund managed by BlackRock and issued on public blockchains through tokenization platform and transfer agent Securitize. Launched on Ethereum in March 2024, it holds cash, U.S. Treasury bills, and repurchase agreements, is custodied by Bank of New York Mellon, and is offered as a private placement restricted to accredited/qualified institutional investors rather than as a retail SEC-registered security. It has grown into the largest tokenized U.S. Treasury fund by assets under management, but access, redemption, and transfer are gated by centralized whitelisting and freeze controls typical of permissioned real-world-asset (RWA) tokens.

The Janus Henderson Anemoy Treasury Fund (JTRSY) is a tokenized British Virgin Islands professional fund that invests exclusively in short-term U.S. Treasury Bills with maturities under six months, issued on-chain via the Centrifuge protocol. The fund is regulated by the BVI Financial Services Commission, managed by Anemoy Asset Management with Janus Henderson Investors as sub-investment manager, and has received top-tier credit ratings including AA+f/S1+ from S&P Global Ratings as of March 2025. Access is restricted to non-U.S. professional investors and qualified crypto institutions, with subscriptions and redemptions settled in USDC.

Pokemon itself is a legitimate intellectual property owned by The Pokemon Company International, Nintendo, and Game Freak. However, the brand has been extensively exploited in various scam operations including fraudulent NFT projects, trading card fraud schemes, counterfeit merchandise sales, and cryptocurrency investment scams that have collectively resulted in millions of dollars in losses.

ZachXBT (legal name Zachary Wolk, revealed through 2023 court filings) is a pseudonymous American blockchain investigator and OSINT researcher who has operated since 2021, publishing forensic investigations into cryptocurrency fraud, scams, and large-scale thefts. He is widely regarded as one of the most consequential independent crypto investigators, credited with helping recover over $350 million in stolen assets and contributing evidence that has led to multiple arrests across several countries. He maintains strict anonymity and has no formal law enforcement affiliation, though he joined Paradigm as an incident response advisor in February 2025.