Secret Service’s $400 Million Crypto Cache: A Decade Of Digital Hunts
2025-07-06 15:21:36
Main Idea
The U.S. Secret Service has seized nearly $400 million in cryptocurrency over the past decade through tracking blockchain transactions and collaborating globally to combat crypto scams and fraud.
Key Points
1. The Secret Service's Global Investigative Operations Center (GIOC) has tracked and seized crypto funds using blockchain analysis and open-source tools.
2. Over $400 million in crypto has been confiscated in the last 10 years, including $225 million in USDT linked to a high-profile case.
3. Crypto-related fraud is the top internet crime in the U.S., with $9.3 billion reported stolen in 2024 and $2.50 billion lost in the first half of 2025.
4. The Secret Service collaborates with over 60 countries and exchanges to crack down on scams like rug pulls and phishing.
5. Investigators use techniques such as tracing IP addresses and VPN slips to uncover crypto-related crimes.
Description
A stealthy but massive haul of crypto funds has landed in government hands. Based on reports , the US Secret Service has created a cold wallet containing nearly $400 million over the last 10 years. Investigators at the agency’s Global Investigative Operations Center tracked every move on the blockchain. They used open‑source tools, old‑fashioned patience and a few missteps by scammers to follow the money back to its source. Secret Service Builds Its Crypto Trove According to a Bloomberg, the age...
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