The U.S. Secret Service is intensifying its efforts against cryptocurrency scams, launching a global campaign that has recovered $400 million in fraudulent assets.
Global Fight Against Cryptocurrency Scams
The U.S. Secret Service has led a global initiative to combat cryptocurrency scams. Under the leadership of Kali Smith, the Global Investigative Operations Center serves as a coordinating body for actions against digital asset fraud, collaborating with law enforcement agencies worldwide. The initiative has seized $400 million in crypto assets, affecting major coins like BTC and ETH, with participation from over 60 countries.
Community Reaction to Enhanced Measures
The increased enforcement underscores the growing issue of digital fraud and the necessity for stringent international measures. Social media discussions reveal community concerns regarding elevated scrutiny and possible implications for decentralized finance platforms. The success of the operation may inspire other countries to tighten their cryptocurrency regulations. According to U.S. Secret Service Investigative Analyst Jamie Lam, 'They’ll send you a photo of a really good-looking guy or girl. But it’s probably some old guy in Russia.'
Historical Crypto Asset Seizures
Similar efforts in recent years include the $225.3 million seizure in June 2025 stemming from scams. These operations exhibit a consistent enforcement pattern targeting high-value cryptocurrencies and stablecoins in cybercrime control. Kanalcoin experts suggest that this initiative may act as a starting point for setting international standards in cryptocurrency regulation.
The increased measures against cryptocurrency fraud highlight the need for global cooperation in combating this issue while emphasizing the importance of strict regulations to protect investors and the integrity of financial systems.
