US intelligence agency develops quietly and quietly into a leading instance in the area of crypto control, while digital fraud cases rise: Bloomberg
The US Secret Service, better known for the protection of American presidents, has established itself as a significant force in the fight against crypto offenses.Bloomberg reported on Monday“”
Through his global investigative operations center (GIOC) the authority has confiscated digital assets worth almost $ 400 million in the past decade. Much of it is located in a single Cold Wallet, which is now one of the most valuable worldwide.
Since digital fraud cases make up most of the internet crime in the United States, the losses from crypto scams achieved $ 9.3 billion in 2024. Service frauds, fake platforms and extortion schemes affect older victims above average, who lost almost $ 2.8 billion last year. The GIOC uses open source tools, lectures and blockchain analyzes to trace stolen funds.
Under the direction of lawyer Kali Smith, the unit worldwide is a law enforcement authorities and focuses on legal areas that are susceptible to insufficient supervision. A workshop recently held in Bermuda illustrated the risks for crypto -friendly regions. Industry partners such as Coinbase and Tether have supported large-scale returns, including 225 million USDTs, which are associated with Romance Investment Frauds.
“This training is part of our mission,” said Patrick Freaney, head of the New York branch. “We have been pursuing the money for 160 years.”
