U.S. Secret Service Quietly Becomes a Major Crypto Holder After $400M Seizure
The post U.S. Secret Service Quietly Becomes a Major Crypto Holder After $400M Seizure appeared on BitcoinEthereumNews.com. The post U.S. Secret Service Quietly Becomes a Major Crypto Holder After $400M Seizure appeared first on Coinpedia Fintech News Over the past decade, the U.S. Secret Service has quietly become one of the largest holders of crypto, though not by investment. Instead, it has seized nearly $400 million in digital assets from a wide range of crypto scams, transforming itself into an unexpected heavyweight in crypto custody. Hype and confusion are fueling a rise in crypto-related crime. Check out our latest PSA to learn the red flags and what to do if you're a victim. https://t.co/wFPHgPI25H #crypto #digitalassets #secretserviceinvestigates pic.twitter.com/z3hmmrKPUu — U.S. Secret Service (@SecretService) May 21, 2025 From Romance Scams to Investment Traps Most of the crypto scams that the Secret Service has recovered are kept safely offline in cold storage. This means the digital keys needed to access the funds are stored on devices that aren’t connected to the internet, making them much harder for hackers to reach. Global Investigative Operations Center (GIOC) investigators revealed that many of these seized funds came from elaborate frauds, often beginning with harmless-looking messages and ending in wiped-out wallets. Jamie Lam, an analyst with the Secret Service, describes how scammers use psychological manipulation and polished websites to gain trust before vanishing with crypto deposits. Her team traces stolen funds through blockchain forensics, VPN mishaps, and domain records, turning crypto’s perceived anonymity against the scammers. Global Reach, Local Impact U.S. SECRET SERVICE ON THE HUNT: THE PREY? CRYPTO SCAMMERS The people who usually protect presidents are now training cops in 60+ countries to bust crypto scammers. They’re not kicking down doors; they’re tracking fake sites, sketchy wallets, and scammers hiding behind… https://t.co/4RDOxaePmC pic.twitter.com/VYYqVqzAMe — Mario Nawfal (@MarioNawfal) July 6, 2025 To scale their efforts, the agency has trained officers in over 60…
The post U.S. Secret Service Quietly Becomes a Major Crypto Holder After $400M Seizure appeared on BitcoinEthereumNews.com.
The post U.S. Secret Service Quietly Becomes a Major Crypto Holder After $400M Seizure appeared first on Coinpedia Fintech News Over the past decade, the U.S. Secret Service has quietly become one of the largest holders of crypto, though not by investment. Instead, it has seized nearly $400 million in digital assets from a wide range of crypto scams, transforming itself into an unexpected heavyweight in crypto custody. Hype and confusion are fueling a rise in crypto-related crime. Check out our latest PSA to learn the red flags and what to do if you're a victim. https://t.co/wFPHgPI25H #crypto #digitalassets #secretserviceinvestigates pic.twitter.com/z3hmmrKPUu — U.S. Secret Service (@SecretService) May 21, 2025 From Romance Scams to Investment Traps Most of the crypto scams that the Secret Service has recovered are kept safely offline in cold storage. This means the digital keys needed to access the funds are stored on devices that aren’t connected to the internet, making them much harder for hackers to reach. Global Investigative Operations Center (GIOC) investigators revealed that many of these seized funds came from elaborate frauds, often beginning with harmless-looking messages and ending in wiped-out wallets. Jamie Lam, an analyst with the Secret Service, describes how scammers use psychological manipulation and polished websites to gain trust before vanishing with crypto deposits. Her team traces stolen funds through blockchain forensics, VPN mishaps, and domain records, turning crypto’s perceived anonymity against the scammers. Global Reach, Local Impact U.S. SECRET SERVICE ON THE HUNT: THE PREY? CRYPTO SCAMMERS The people who usually protect presidents are now training cops in 60+ countries to bust crypto scammers. They’re not kicking down doors; they’re tracking fake sites, sketchy wallets, and scammers hiding behind… https://t.co/4RDOxaePmC pic.twitter.com/VYYqVqzAMe — Mario Nawfal (@MarioNawfal) July 6, 2025 To scale their efforts, the agency has trained officers in over 60…
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