US Secret Service May Hold One of the Largest Bitcoin Cold Wallets After $400 Million Seizure
2025-07-06 07:15:21
Main Idea
The US Secret Service has amassed $400M in crypto cold wallets by exposing scams through blockchain tracking and VPN slip-ups, highlighting the rise in crypto fraud and law enforcement efforts.
Key Points
1. The US Secret Service’s Global Investigative Operations Center (GIOC) uses blockchain analysis to track and recover funds from crypto scams, including exploiting VPN failures to reveal IP addresses.
2. Crypto-related fraud in the US reached $9.3 billion in losses in 2024, with over $2.47 billion reported in the first half of 2025, marking a 3% increase.
3. Collaboration between law enforcement and industry players like Coinbase and Tether has led to significant recoveries, including $225 million from scams.
4. Scammers exploit vulnerabilities in jurisdictions with lax regulatory frameworks or residency-for-sale programs.
5. Public awareness and industry cooperation are key to recovering stolen funds and combating crypto crime.
Description
The US Secret Service has quietly accumulated nearly $400 million in seized cryptocurrency, creating one of the largest cold wallets globally through meticulous blockchain investigations. Utilizing advanced blockchain analysis and
Latest News
- Bitcoin Mempool Nears Empty Despite Price Peaks, Indicating Possible Shift in Network Activity2025-07-06 15:33:22
- $8.6 Billion Bitcoin Transfer Sparks Speculation Over Wallet Upgrade or Government Settlement2025-07-06 15:32:25
- Chainlink Whale Accumulation Increases Amid Retail Apathy, Potential Price Movement Possible2025-07-06 15:19:46
- Lisk Highlights Growing Crypto Adoption and Developer Shift in High-Growth Markets2025-07-06 15:07:32
- Bitcoin Price Trends in 2025 May Reflect Past Cycles Amid Geopolitical and Market Uncertainties2025-07-06 14:43:00