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U.S. Secret Service Quietly Becomes a Major Crypto Holder After $400M Seizure
U.S. Secret Service Quietly Becomes a Major Crypto Holder After $400M Seizure
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BTCCSquare news:
The U.S. Secret Service has emerged as an unlikely custodian of nearly $400 million in seized cryptocurrency, amassed through investigations into scams ranging from romance frauds to investment traps. The funds, stored offline in cold wallets, highlight the agency's growing role in combating digital asset crime.
Global Investigative Operations Center analysts trace stolen crypto through blockchain forensics, exploiting scammers' operational mistakes. "They build trust with polished fronts before disappearing," says Secret Service analyst Jamie Lam. The seizures underscore crypto's paradoxical nature—its transparency enabling recovery despite being a magnet for fraud.
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