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Secret Service Plans Global Expansion of Anti-Crypto Crime Effort

  • The U.S. Secret Service is expanding its efforts to prevent cryptocurrency-related crimes through its Global Investigative Operations Center (GIOC).
  • The center has seized almost $400 million in digital assets over the last decade, with most of the funds in a single cold-storage wallet, making the Secret Service one of the largest crypto custodians globally.
  • The agency, led by Kali Smith, offers training workshops for law enforcement in over 60 countries, focusing on jurisdictions vulnerable to criminal misuse of cryptocurrencies.
  • The Secret Service has collaborated with industry players like Coinbase and Tether to recover stolen funds, with a significant recovery involving $225 million in Tether’s USDT stablecoin.

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