US Secret Service Seizes $400M in Crypto, Builds Major Cold Wallet
- The US Secret Service has seized nearly $400 million in digital assets over the past decade, creating one of the world’s largest crypto cold wallets.
- The agency’s Global Investigative Operations Center (GIOC) employs blockchain analysis and open-source tools to track funds.
- Crypto-related scams have become a major driver of US internet crime losses, with Americans reporting $9.3 billion stolen in crypto fraud in a recent year.
- Kali Smith leads the Secret Service’s efforts to train officials in over 60 countries to combat online financial crimes.
The US Secret Service has built a significant cold wallet by seizing nearly $400 million in digital assets through investigations into various scams. This effort is part of a broader strategy using blockchain analysis and global training programs to tackle crypto crimes.
Crypto scams are a leading cause of internet crime losses in the US, with substantial amounts reported stolen annually. The agency’s proactive measures have been crucial in addressing these issues globally and domestically. Source
