The U.S. Secret Service has accumulated around $400 million in confiscated cryptocurrency over the past ten years, making its cold wallet one of the largest in the world. This is reported by the media, citing investigation data. These funds were seized as part of the fight against financial crimes, including money laundering and cyber fraud. A significant portion of the assets, including stablecoins like $USDT , has been frozen thanks to cooperation with companies like Tether and Coinbase.
Agents use blockchain analysis to trace illegal transactions, allowing for the recovery of assets for victims of fraudulent schemes. For example, in June of this year, $225 million was confiscated in connection with global fraud. Experts note that the growing popularity of cryptocurrencies complicates regulation, but law enforcement is increasingly adapting to new challenges.
Such a significant volume of confiscated funds underscores the importance of combating crypto-crime. At the same time, it raises discussions about the balance between protecting investors and the freedom of digital markets. Will this be the beginning of broader cryptocurrency regulation?
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