The U.S. Secret Service continues its active fight against crypto crime, recovering nearly $400 million in digital assets. These efforts have significantly increased since the agency's inception.
Results of Secret Service Operations
Reports indicate that the Global Investigative Operations Center of the U.S. Secret Service has helped recover nearly $400 million in digital assets, with a large portion stored in a single cold wallet. Notably, a $225 million seizure was carried out in collaboration with the FBI and federal prosecutors.
Educational Initiatives
The Secret Service also plays a crucial role in education, delivering week-long crypto crime training programs to law enforcement in over 60 countries. According to department counsel Kali Smith, many local officials are unaware of how widespread these scams have become until exposed to the training.
Collaboration with Business
Major crypto firms, such as Coinbase, have assisted the agency in tracking illicit funds. In 2023, Tether announced it had integrated both the FBI and Secret Service into its platform to improve digital asset seizure efforts.
Thus, the U.S. Secret Service has significantly expanded its functions, moving beyond protection to actively combatting crimes in the cryptocurrency sector, which is critical for global financial security.
