The secret service reaches $ 400 million of encryption, and the adoption of one of the largest governor of the world star-news.press/wp

Bloomberg stated that the American Secret Service has quietly seized nearly $ 400 million of digital assets over the past decade, as it collected one of the largest cold coding portfolios in the world.

The Agency’s Global Investigation Center (GIOC) tracked money through open source tools, Blockchain analysis, patience, Jimmy Lam, an analyst in the US Secret Service, He said Law enforcement officials in Bermuda last month.

The agency’s encryption group, many of which are in a single wallet for cold storage, results from a series of investigations into fraud. Budget seduction of targets on encrypted investment platforms apparently in one typical scheme. Victims often see preliminary profits before sites disappear with their deposits.

“So they do that,” Lam said. “They will send you a picture of a really good man or girl. But there is likely to be an old person in Russia.”

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Blockchain tracks detection of encryption fraud

LAM team uses field records, Blockchain transactions, and VPN Slip-ups to identify fraudsters. In one case, the encrypted currency batch led to investigators to another portfolio. In another, the IP VPN failure was revealed, helping the agents to collect the digital fraud path.

At the top of the crypt service, Kali Smith, who directs a team that trained officials in more than 60 countries to detect financial crimes online.

The agency focused on the judicial states with poor oversight or programs that sell residence for foreign citizens. Smith said: “Sometimes after training for a week, they could be like,” Wow, we haven’t even realized that this is happening in our country. “

The work of the secret service revealed fraud ranging from romantic investment plans to procedures. An investigation included a teenager in the state of Idaho, who sent a nude photo to a stranger on the Internet. The deception was blacknted by $ 300 twice before the teenager goes to the police.

Analysts follow payments through another forced teenager who behaves as a muffle, which leads to an account related to about $ 4.1 million in transactions under a Nigerian passport. The British police arrested the suspect when he arrived in Gildford, England, where he is still in reservation pending delivery.

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Costume losses for higher encryption

Curical fraud has become the best US Internet crime loss driver. The Americans reported 9.3 billion dollars stolen in encryption fraud in 2024, or more than half the amount of $ 16.6 billion in total Internet crime losses that year, according to the data of the FBI.

Meanwhile, the first half of 2025 witnessed more than $ 2.47 billion of losses due to breakthroughs, fraud and exploits, which represents an increase of approximately 3 % compared to 2.4 billion dollars stolen in 2024.

Stolen encryption recovery often depends on cooperation from industrial players. Coinbase and Tether admitted to help in prominent cases by analyzing transactions and freezing portfolios. One of the largest individual recovery members included $ 225 million in USDT (USDT) associated with romantic fraud.

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