U.S. Secret Service Recovers $400 Million in Crypto Crime Crackdown

The U.S. Secret Service has seized nearly $400 million in cryptocurrency linked to illicit activities since 2014, marking a significant escalation in global efforts to combat crypto-related crime. A recent $225 million seizure, coordinated with the FBI and the U.S. Attorney’s Office, underscores the agency’s growing role in digital asset enforcement.

Traditional financial crimes have evolved with the rise of crypto adoption, prompting law enforcement to adopt advanced tools like blockchain forensics and IP tracking. Fake investment platforms promising unrealistic returns remain a persistent threat, often duping even seasoned investors and authorities.

"We didn’t even realize this is occurring," remarked Kali Smith, the lawyer leading the department’s cryptocurrency strategy, highlighting the sophistication of these schemes. The Secret Service’s pivot from protecting political leaders to policing crypto networks reflects the shifting landscape of financial crime.