U.S. Secret Service Recovers $400 Million Worth of Digital Assets Over the Past Decade

Deep Tide TechFlow News, on July 6, reported by The Block citing Bloomberg, after a large-scale investigation involving the FBI and the U.S. Attorney's Office, the U.S. Secret Service's Global Investigative Operations Center (GIOC) seized $225 million worth of cryptocurrency last month.

Over the past decade, the U.S. Secret Service Global Investigative Operations Center team has recovered $400 million worth of digital assets from criminals. Most of the recovered funds (approximately $400 million) are 'stored in a cold wallet.'

In addition to seizing these cryptocurrencies, the GIOC has also held week-long free training courses in over 60 countries/regions to educate local law enforcement officials on how to identify and prevent cryptocurrency-based fraud and crime.