U.S. Secret Service Quietly Becomes a Leading Crypto Cop as Digital Fraud Soars: Bloomberg

The US Secret Service, known for the protection of US presidents, has appeared as the main force in the fight against the crime of cryptocurrency, Bloomberg reported on Saturday.

Through its global investigative Operational Center (Gioc)Over the past decade, the agency has captivated digital assets of nearly $ 400 million. Many of this sit in a single cold wallet, which is now one of the most valuable around the world.

When digital fraud managed most of the Internet crime in the US, the loss of crypto fraud was reached by $ 9.3 billion in 2024, FBI data shows. Investment fraud, fake platforms and blackmail schemes are unduly influenced by older victims that lost almost $ 2.8 billion last year. Gioc uses open source code, summons and blockchain analysis to monitor stolen means.

A unit led by lawyer Kali Smith, trains coercive authorities worldwide and focuses on jurisdiction vulnerable to lax supervision. The recent Bermuda workshop has underlined the risks facing crypto-friendly regions. Industrial partners like Coinbase and Tether helped with extensive recovery, including $ 225 million in USDT -linked fraud with romance.

“This training is part of our mission,” said Patrick Freaney, head of the New York field office. “We watched the money for 160 years.”

REPAIR (7th July 08:43 UTC): It corrects that the Bloomberg report was published on Saturday, not on Monday.