A stealth but massive transport of cryptographic funds landed in the hands of the government. Based on reports, American secret services have created a cold portfolio containing nearly $ 400 million in the past 10 years.
Investigators from the Global Investigative Operations Center of the Agency followed each movement on the blockchain. They used open tools, old -fashioned patience and a few missteps by crooks to follow the money to its source.
Secret services build its cryptography
According to a Bloomberg, the agency’s Gioc has seized coins in a series of cases of fraud. An investigator noted that romantic investment sites often show small gains before disappearing with deposits.
This scheme appeared when the victims saw their sales climb hundreds of dollars, only to find interrupted withdrawals and customer support has become silent. Many of these cases ended with funds frozen in a single cold stone portfolio.
Is this the end of cryptographic scams?
The American secret services have just launched a global repression on carpet prints, phishing scams and stolen crypto – entering more than $ 400 million so far.
They team up with more than 60 countries and superior exchanges to clean up space and chase crooks.
Comment &… pic.twitter.com/tcikyng7n7
– Crypto Patel (@Cryptopatel) July 6, 2025
In an example, analysts drew around $ 4.1 million in a scam at a account linked to a Nigerian passport. A brief shift of VPN revealed an IP address. This index led the British police to arrest a suspect in Guildford.
Image: Avocado_studio/Getty Images
An American teenager who has lost $ 300 twice in a case of sextrusions also played a key role as a mule in involuntary money. Online, an investigator sent a photo of a model aspect to hang the victim. He turned out to be an older man in Russia. The crooks will make great efforts to hide their true identity.
Media threshing and confusion feed an increase in crime linked to crypto.
🎥 Consult our last PSA to learn the 🚩 Red Flags 🚩 and what if you are a victim.
🔗 #crypto #digitalassets #Secretviceinvestigate pic.twitter.com/z3hmmrkpuu
– Us Secret Services (@secretservice) May 21, 2025
Training of world managers
The secret services do not work alone. Kali Smith, who heads the crypto team, has trained officials in more than 60 countries. Some of these nations had no idea that these patterns were performing on their soil until the start of the lessons.
Law application agents have learned to read domain files and follow the blockchain trails. Now local agencies close the scams faster than before.
Industry players have also bypassed. Coinbase and Tether helped trace transactions and freeze suspicious wallets in high profile cases.
One of the largest simple recoverys involved $ 225 million in USDT linked to Romanesque scams. These partnerships show that some slides by criminals can lead directly to frozen funds.
Crypto fraud ranks at the top
Fraud involving digital parts is now at the top of the American internet crime loss. The Americans said $ 9.3 billion stolen in cryptographic scams in 2024, more than half of the $ 16.6 billion lost for all Internet crimes that year, according to FBI data.
In the first six months of 2025, the victims lost $ 2.50 billion against hacks, scams and exploits – exceeding $ 2.41 billion in all 2024, reports.
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