The U.S. Secret Service has intensified its crackdown on sophisticated scams targeting dormant Bitcoin wallets, with over $400 million in illicit funds uncovered from recent fraudulent activities.
Approximately 80,009 BTC held in inactive wallets has been identified as vulnerable to advanced criminal schemes. These tactics exploit holders of long-held Bitcoin assets, prompting the agency to prioritize enhanced security protocols and public vigilance initiatives.
Global regulatory collaboration and technological improvements in wallet security are being actively fostered to combat cross-border crypto fraud. The initiative emphasizes coordinated international frameworks to harden defenses against evolving threats.
Individuals are urged to adopt security best practices including hardware wallet usage and regular security updates. The Secret Service’s multifaceted strategy aims to fortify protection for dormant cryptocurrency holdings through combined technological innovation and worldwide law enforcement partnerships.