U.S. Secret Service Emerges as Crypto’s Top Watchdog Amid Surging Digital Fraud – Bloomberg Report

The U.S. Secret Service has stealthily positioned itself as the heavyweight enforcer in the chaotic world of cryptocurrency, stepping up as digital fraud hits record highs.

From Bodyguards to Blockchain Busters

Once known for protecting presidents, the agency now tracks wallet addresses instead of assassins—proof that even the feds can’t ignore crypto’s gravitational pull.

The New Wild West

With rug pulls and DeFi hacks multiplying faster than memecoins, regulators are playing catch-up. The Secret Service’s cyber division reportedly seized over $100M in illicit crypto last year alone—chump change for Wall Street, but a signal to scammers.

Irony Alert

An agency funded by taxpayers now polices the very asset class that was meant to bypass government oversight. Talk about a plot twist even Satoshi didn’t see coming.