US Secret Service Amasses $400m from its Operations Against Crypto Scams
Over the last ten years, the U.S. Secret Service has built one of the largest cryptocurrency cold wallets, collecting close to $400 million in seized digital assets. The Secret Service’s Global Investigative Operations Center (GIOC) has played a key role in tracking these funds. Jamie Lam, one of the agency’s investigative analysts, explained during a recent briefing in Bermuda that the team relies on blockchain tracking tools, public data, and a lot of persistence to follow the money. Most of the crypto in the agency’s possession was taken as part of investigations into online scams. A common fraud scheme involves…