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Secret Service’s $400 Million Crypto Cache: A Decade Of Digital Hunts

  • The US Secret Service has accumulated nearly $400 million in a cold wallet over the past 10 years through seizing coins from various fraud cases and tracking transactions on the blockchain.
  • The agency's Global Investigative Operations Center used open-source tools and thorough investigations to trace scam proceeds and freeze funds in cold storage wallets linked to illicit activities.
  • The Secret Service launched a global crackdown on crypto scams, seizing over $400 million and collaborating with 60+ countries and major exchanges to combat rug pulls, phishing schemes, and stolen crypto.
  • Crypto fraud now ranks as one of the top internet crime losses in the US, with Americans reporting $9.3 billion stolen in crypto scams in 2024. Law enforcement agencies worldwide are receiving training to detect and shut down crypto-related schemes more effectively.

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