A lip, but huge of encryption boxes, fell in the hands of the government. based on ReportsThe US Secret Service has created a cold portfolio containing approximately $ 400 million over the past ten years.
Investigators At the Agency’s Global Investigation Center, each step follows on Blockchain. They used open work tools, old patience, and a few errors by fraudsters to follow the money to their source.
The secret service is built by Crypto TVE
According to Bloomberg, the agency is GIOC Metal currencies From a series of fraud cases. One of the investigators indicated that romantic sites – often small gains appear before they disappear with deposits.
This pattern appeared again when the victims saw that their balances climbed hundreds of dollars, only to find suspended clouds and customer support silent. Many of these cases have ended with frozen money in one wallet for cold storage.
Is this the end of encryption fraud?
The American Secret Service has just launched a global suppression campaign on clouds, cookies, and stolen encryption – the seizure of more than $ 400 million so far.
They cooperate with 60 countries and the highest exchange of cleaning and chasing the fraudsters.
comment &… pic.twitter.com/tcikyng7n7
Crypto Patel (Cryptopatel) July 6, 2025
In one example, analysts tracked about $ 4.1 million in fraud to an account linked to a Nigerian passport. A short VPN slip revealed the IP address. This idea prompted the British police to arrest a suspect in Gildford.
Image: Avocado_studio/Getty Images
An American teenager has also played $ 300 in the Sextinter case as a major role as an unintended money. Online, send an investigator a picture of a model for a appearance to connect the victim. It turns out to be an older man in Russia. The fraudsters will go far to hide their true identities.
The noise and confusion feed the height in the crime associated with encryption.
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Red
https://t.co/wffhgip25h #Crypto #Digitalassets #Secretserviceinvestigates pic.twitter.com/z3hmrkpuu
– Secret Service (SecretService) May 21, 2025
Training officials around the world
The secret service does not work alone. Kali Smith, who runs the encryption team, trained officials in more than 60 countries. Some of these countries had no idea that these plans occurred on their soil until the classes began.
Learn law enforcement officers how to read field records and follow Blockchain tracks. Local agencies are now closing frauds faster than before.
The players were also cut in the industry. Coinbase and Tether helped track transactions and freeze the wallets of the suspect in prominent cases.
One of the largest individual individuals included $ 225 million in Usdt associated with romantic fraud. These partnerships show that some criminals by criminals can lead directly to frozen money.
It occupies fraud in encryption at the top
Fraud, which is now on digital currencies, leads the list of online crime losses in the United States. The Americans reported 9.3 billion dollars stolen in encryption fraud in 2024, which was more than half the amount of $ 16.6 billion lost to all Internet crimes that year, according to the data of the FBI.
During the first six months of 2025, the victims lost $ 2.50 billion for breakthroughs, fraud and exploits – as it tops $ 2.41 billion eliminated over the course of 2024, according to reports.
Distinctive image from ABC News, TradingView graph
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