The Secret Service in the United States installs $ 400 million in encryption star-news.press/wp

Over the past decade, it was said that the US Secret Service has seized nearly $ 400 million of cryptocurrencies as part of its online fraud.

The GioC Global Investigation Center (GIOC) played an important role in tracking illegal funds, using Blockchain analysis, open source tools, and comprehensive investigation methods.

Tether and Coinbase helps us target the agents

According to Bloomberg a reportA large part of these seizures stems from the campaign on the fraudulent investment platforms.

In these plans, the victims are believed to be believed that they benefit from legitimate encryption investments, only to disappear with their money.

Meanwhile, the secret service has worked closely with the main industry players, such as Coinbase and Tether, to restore stolen money. These companies provide Blockchain visions and help to freeze suspicious wallets.

For example, a major process of freezing $ 225 million of Usdt, linked to fraud in romance investment. These charts often target the older individuals, who were improperly affected in 2024.

Tether CEO, Paolo Ardoino, stressed the company’s commitment to transparency and cooperation with the application of the law. He stated that Tether determines the criterion for compliance in the digital assets sector.

He added: “We are putting the criterion of compliance with digital assets and the leading efforts to ensure that Stablecoins is not misused by bad actors.”

In 2024, the Americans reported a loss of 9.3 billion dollars in coding, which constitutes more than half of the total Internet crime losses a year.

However, despite the amount of fraud reported, the data shows a decrease in coding transactions associated with illegal activity.

TRM LABS stated that the volume of Crypto’s global transactions increased to 10.6 trillion dollars last year, an increase of 56 % from 2023. At the same time, the illegal activity decreased to $ 45 billion – only 0.4 % of all transactions, a decrease from 0.86 % in the previous year.

“The largest illegal activity category remained on Blockchain as is the case in 2023, including fraud and fraud (24 % of the illegal size), penalties (33 % of the illegal size), and the menu (29 % of the illegal size),” explained TRM LABS.

While the decrease in illegal transactions reflects stronger enforcement and security measures, fraudsters continue to adapt. It takes advantage of many weaknesses in decentralized financing systems, Blockchain protocols, and emerging technologies.

In response, the secret service has increased its efforts worldwide. The agency provides training for public prosecutors and investigators in more than 60 countries to help combat crime related to encryption in high -risk judicial states.