DeFi Daily News
Monday, July 28, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Crypto Market

rewrite this title U.S. Secret Service Quietly Becomes a Major Crypto Holder After $400M Seizure

Zameer Attar by Zameer Attar
July 7, 2025
in Crypto Market
0 0
0
rewrite this title U.S. Secret Service Quietly Becomes a Major Crypto Holder After 0M Seizure
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

Over the past decade, the U.S. Secret Service has quietly become one of the largest holders of crypto, though not by investment. Instead, it has seized nearly $400 million in digital assets from a wide range of crypto scams, transforming itself into an unexpected heavyweight in crypto custody. 

From Romance Scams to Investment Traps

Most of the crypto scams that the Secret Service has recovered are kept safely offline in cold storage. This means the digital keys needed to access the funds are stored on devices that aren’t connected to the internet, making them much harder for hackers to reach. Global Investigative Operations Center (GIOC) investigators revealed that many of these seized funds came from elaborate frauds, often beginning with harmless-looking messages and ending in wiped-out wallets. 

Jamie Lam, an analyst with the Secret Service, describes how scammers use psychological manipulation and polished websites to gain trust before vanishing with crypto deposits. Her team traces stolen funds through blockchain forensics, VPN mishaps, and domain records, turning crypto’s perceived anonymity against the scammers.

Global Reach, Local Impact

🇺🇸 U.S. SECRET SERVICE ON THE HUNT: THE PREY? CRYPTO SCAMMERS

The people who usually protect presidents are now training cops in 60+ countries to bust crypto scammers.

They’re not kicking down doors; they’re tracking fake sites, sketchy wallets, and scammers hiding behind… https://t.co/4RDOxaePmC pic.twitter.com/VYYqVqzAMe

— Mario Nawfal (@MarioNawfal) July 6, 2025

To scale their efforts, the agency has trained officers in over 60 countries, focusing on regions with weak oversight. Kali Smith, who leads the global training efforts, shared how even a week of on-ground workshops has helped local authorities uncover hidden fraud rings.

One particularly chilling case involved an Idaho teenager blackmailed with compromising photos, with funds eventually traced through 6,000 transactions to a suspect carrying a Nigerian passport. UK authorities arrested the individual in Guildford, thanks to the transnational collaboration.

Crypto Firms Join the Fight

The Secret Service isn’t going it alone. Partnerships with major platforms like Coinbase and Tether have allowed swift tracing and freezing of illicit assets. In one notable case, the agency recovered $225 million in USDT linked to a romance-investment scam network. 

Meanwhile, Scams Surge in 2025!

Despite these victories, crypto crime remains rampant. According to CertiK, investors lost $2.2 billion in the first half of 2025, with wallet hacks and phishing attacks being the leading culprits. Ethereum was hit the hardest, suffering $1.6 billion in damages.

As scams get smarter, the Secret Service is also stepping up not just to catch the scamsters, but also to hold onto the stolen crypto, showing they’re keeping pace with the world of digital crime.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 400MCryptoHolderMajorQuietlyrewriteSecretSeizureServicetitleU.S
ShareTweetShare
Previous Post

rewrite this title Replacing His Income with Rentals (in 3 Years!) by “Recycling” Money

Next Post

rewrite this title and make it good for SEO Azuki’s Enter The Garden Capsule Collection Merch Lands July 8

Next Post
rewrite this title and make it good for SEO Azuki’s Enter The Garden Capsule Collection Merch Lands July 8

rewrite this title and make it good for SEO Azuki's Enter The Garden Capsule Collection Merch Lands July 8

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
Tottenham Express Interest in Buying English Star as Club Considers Selling Him

Tottenham Express Interest in Buying English Star as Club Considers Selling Him

September 28, 2024
IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

June 22, 2025
rewrite this title Pod Save America Team Announces November Launch Of Live Event “Crooked Con” In D.C.

rewrite this title Pod Save America Team Announces November Launch Of Live Event “Crooked Con” In D.C.

July 28, 2025
rewrite this title China’s Z.ai Scoffs at US Sanctions, Launches Supercharged AI With .5B War Chest – Decrypt

rewrite this title China’s Z.ai Scoffs at US Sanctions, Launches Supercharged AI With $1.5B War Chest – Decrypt

July 28, 2025
rewrite this title Waymo taps Avis to manage robotaxi fleet in Dallas | TechCrunch

rewrite this title Waymo taps Avis to manage robotaxi fleet in Dallas | TechCrunch

July 28, 2025
rewrite this title BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for B

rewrite this title BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

July 28, 2025
rewrite this title with good SEO The Blockchain Is Not Forever? Controversy Over Missing Ledgers On XRPL Draws Ripple’s CTO Attention | Bitcoinist.com

rewrite this title with good SEO The Blockchain Is Not Forever? Controversy Over Missing Ledgers On XRPL Draws Ripple’s CTO Attention | Bitcoinist.com

July 28, 2025
rewrite this title and make it good for SEO#9 – “Institutions Can’t Beat A Basic Buy and Hold Allocation” – Meb Faber Research – Stock Market and Investing Blog

rewrite this title and make it good for SEO#9 – “Institutions Can’t Beat A Basic Buy and Hold Allocation” – Meb Faber Research – Stock Market and Investing Blog

July 28, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.