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Crypto Exchange Coinbase says it has played a “key role” in the support of the US Secret Service, which resulted in seizure of $ 225 million associated with crypto investment fraud in the beginning of this month.
June 18. The Ministry of Justice File More than $ 225 million in a crypto obtained by the secret service allegedly stolen by fraudsters in charge of Shawn Bradstreet that at that time the agency was the greatest seizure at that time.
Coinbase said In the blog post on Tuesday, that he joined several other stock exchanges in the “investigative sprint” with the Secret Service in 2024 to identify the victims of fraud, analyze the chain flows and to build the case to seize the crypto.
More than 130 Coinbase customers captured by fraud
Coinbase said that between 26 February to 29 February last year, his team traced millions in crypto transactions for illegal wallets and other account activities that could help identify fraud victims for the secret service.
“This blockchain analysis and the production of recording summons allowed USSS to identify more than 130 Coinbase customers who were unconsciously cheated, which represents losses of $ 2.3 million,” Coinbase said.
Secret Service also monitored some of the frozen funds back to 140 accounts on Crypto replacement OKXmany of which were held in the names of individuals who followed fraud in Southeast Asia, according to Coinbase.
Tether burns $ 225 million in USDT
Stablecoin Imiter Tether, who reached his help in investigation, It solidifies 39 addresses wallets containing $ 225 million in 2023, which were mainly in its name Stablecoin Tether (USDT). Stablecoin issuer later burned all tokens.
Coinbase said that the equivalent amount of the new USDT was then re -released and transferred to a wallet controlled by a secret service.
“This process was visible onchain and offered an example of how crypto could increase transparency in criminal proceedings,” the stock exchange said.
Related: Australia zeasky $ 123 million $ crypto washing behind a security company
Burning chips means they are permanently removed from the circulation. In general, this is achieved by sending them to the inaccessible address of the wallet.
Global Authorities seized by a stolen crypt
In May Australian Federal Police confiscated Nearly 25 bitcoins (BTC), worth more than $ 2.6 million, which were allegedly associated with the robbery of 950 bitcoins stolen by the French crypto stock exchange in 2013.
A few months ago, in February, German enforcement of law confiscated EUR 34 million ($ 38 million) in the crypt From the replacement of the cryptocurrency platform, it reportedly used $ 1.4 billion to wash funds stolen from $ 1.4 billion.
Magazine: Coinbase Hack shows that the law probably won’t protect you: here’s the reason
