Interpol’s financial crimes operation resulted in a record 5,500 arrests and the seizure of more than $400 million worth of stolen goods, Golden Finance reported. A Purple Notice was issued during the operation, in which Interpol warned countries to be wary of an emerging cryptocurrency fraud involving stablecoins. Member states were informed of a “USDT token approval scam” that allowed fraudsters to access and control victims’ cryptocurrency wallets. The two-step method first uses romance baiting techniques to lure victims, instructing them to purchase the popular Tether stablecoin (USDT token) through legitimate platforms. Once the scammer has gained the victim's trust, they provide the victim with a phishing link claiming to allow them to set up an investment account. In effect, with a click, they grant the scammers full access, and they can then transfer funds out of the wallet without the victim's knowledge.