<ul data-eligibleForWebStory="false"><li>Kraken collaborated with the United States Secret Service on a crypto fraud investigation, resulting in the largest-ever crypto seizure of approximately $225 million.</li><li>The fraudsters utilized social engineering tactics, known as 'pig butchering,' to deceive victims into fake cryptocurrency investments, leading to significant financial losses.</li><li>The $225 million in question was frozen by Tether in 2023 and linked to a Department of Justice investigation. Kraken's assistance in identifying victims was crucial for the seizure warrant.</li><li>Kraken's dedicated cooperation with law enforcement, rapid response in providing crucial information, and commitment to protecting client assets emphasize their role in combating fraud and maintaining trust in the crypto community.</li></ul>

Kraken assists U.S. Secret Service in record-breaking crypto fraud seizure

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