$400M Crypto Haul by Secret Service: Cold Storage Wallets Aren’t Optional—They’re Survival

When the feds seize nine figures in digital assets, it’s not a wake-up call—it’s a airhorn blast to the crypto community. The Secret Service’s latest $400M grab isn’t just a flex; it’s proof that hot wallets might as well come with a ‘Steal Me’ sign.

Cold Storage or Bust

Forget ‘convenience’—leaving crypto on exchanges or in software wallets is like storing gold in a cardboard box. The Secret Service didn’t need a warrant; they just needed one weak link. Hardware wallets and multisig setups? Those actually make thieves work for it.

The ‘Best Wallet’ Isn’t a Luxury—It’s Your First Line of Defense

Ledger, Trezor, or even a self-custody paper wallet won’t stop regulators, but they’ll sure slow down hackers. Meanwhile, the ‘not your keys, not your coins’ crowd is smugly updating their disaster recovery plans—again.

Wall Street still thinks crypto is a casino? Maybe. But at least we’re the ones holding the house keys.

How Are Cryptocurrency Scams Neutralized?

Jamie Lam, an investigative analyst with the U.S. Secret Service, shed light on how these scams operate and how they neutralize them.

In one instance, scammers used photos of attractive individuals to lure unsuspecting investors into seemingly legitimate cryptocurrency websites, often complete with sleek design and dedicated support teams to build trust.

Initial deposits WOULD yield small profits, which encouraged the victims to keep investing. Eventually, the platform would stop working, and the account balance would disappear into thin air.

Jamie’s team traced the fake investment site’s domain using open source tools to uncover details like registration time and ownership.

When they tracked the domain purchase, it led them to a crypto wallet, and a brief VPN failure finally helped expose the scammer’s IP address.

A large part of these takedowns also depends on cooperation from industry players like Tether and Coinbase.

In fact, Tether helped the Secret Service recover $225M worth of $USDT in what was one of the largest crypto scam busts to date.

All of this underscores the importance of using a secure crypto storage solution like.

By giving you total control of your assets and keeping them SAFE from phishing and fraud, Best Wallet ensures you don’t fall prey to a crypto hack.

What is Best Wallet?

As mentioned above, Best Wallet is a free crypto wallet that’s completely self-custodial.

This simply means that you and only you will have access to your wallet’s private keys, ensuring that no third party, not even Best Wallet’s employees, can access your wallet or the funds therein.

Along with this, Best Wallet also comes with excellent 2FA/MFA options, allowing you to set up a second one-time password for access to your account.

Here, you have the option to use biometric authentication, which is one of the safest and most sought-after 2FA measures.

What’s more,leverages advanced cryptographic technology to protect you and your stored crypto against theft, hacks, and other malicious crypto attacks, including scams and phishing attempts.

Even better, Best Wallet employees verify every token before making it available on their platform, safeguarding you from investing your hard-earned money into scam tokens.

That’s not all, though, as Best Wallet has some exciting upgrades in store. It’ll soon roll out advanced anti-fraud protection and defenses against sophisticated MEV (Miner Extractable Value) attacks.

More Than Just Security: Best Wallet Supercharges Meme Coin Access and Trading

One of the most unique features of Best Wallet is that it allows you to buy new meme coins on presale directly from within the app.

Usually, even the best crypto wallets will require you to connect to a presale’s website and complete your purchase from there.

However, Best Wallet’s ‘Upcoming’ section redefines what simplicity means in the meme coin space by allowing users to buy new meme coins without ever having to leave the app.

Furthermore, Best Wallet also plans on offering a full-fledged crypto trading terminal, with limit buy/sell orders, stop-losses, and even dollar cost averaging (DCA).

Buy $BEST and Join Best Wallet’s Success Story

With a streamlined approach to meme coin purchases, intuitive mobile-first design, and top-notch security, Best Wallet has everything it needs to achieve its goal of capturing over 40% of the non-custodial crypto wallet market by 2027.

You can ride this success story by buying, the project’s native cryptocurrency. It’s currently in presale, with over $13.7M already raised, and each token available at a low price of $0.025295.

According to our $BEST price prediction, the token can surge around 180% and reach $0.07 by 2030, offering early buyers a chunky return on their investment.

Most importantly, $BEST holders get to unlock a slew of ecosystem benefits. These include reduced trading and gas fees, governance rights, staking rewards (currently yielding 100%), and early access to new meme coin launches.

To learn more about Best Wallet, check out its official whitepaper. And for all of the latest updates, follow it on X and join its Telegram channel.

: The crypto market is highly volatile and guarantees no returns. This article is not financial advice, and we strongly recommend that you do your own research before investing.