$BTC The US Secret Service seized 400 million dollars in cryptocurrencies in the last decade.

The Secret Service has quietly amassed one of the richest cold cryptocurrency wallets in the world with 400 million dollars seized, dismantling scams through blockchain investigation and VPN failures.

$BNB The US Secret Service has discreetly seized nearly 400 million dollars in digital assets over the last decade, accumulating one of the largest cold cryptocurrency wallets in the world, Bloomberg reported on Saturday, citing people familiar with the matter.

The agency's Global Investigative Operations Center (GIOC) has tracked funds through open-source tools, blockchain analysis, and patience, Jamie Lam, a research analyst at the US Secret Service, reportedly told law enforcement officials last month.

The agency's cryptocurrency treasure, most of which resides in a single cold storage wallet, is the result of a series of investigations into scams. In a typical scheme, scammers lure their victims to seemingly legitimate cryptocurrency investment platforms. Victims often see initial gains before the sites disappear with their money.

"This is how they do it," Lam said. "They'll send you a picture of a really attractive guy or girl. But it's probably an old man in Russia."