The U.S. Secret Service has recovered 400 million USD in cryptocurrency related to crime, intensifying the global fight against fraud in the crypto sector.
As the adoption of cryptocurrency becomes more widespread, related crimes are also significantly increasing. Regulatory authorities are working to upgrade blockchain monitoring technology to better protect users and effectively prevent crime.
MAIN CONTENT
The U.S. Secret Service has recovered nearly 400 million USD in cryptocurrency related to crime from 2014 to now.
Global cryptocurrency crime is surging, with losses of 9.3 billion USD in the U.S. in 2024, especially the elderly losing 2.8 billion USD.
Public-private cooperation plays a crucial role in the fight against crypto crime, along with modern blockchain monitoring techniques.
How has the U.S. Secret Service shifted focus towards cryptocurrency?
According to Bloomberg, the U.S. Secret Service's Global Investigative Center has seized nearly 400 million USD in cryptocurrency related to illegal activities since 2014, including a notable seizure of 225 million USD coordinated with the FBI and the U.S. Department of Justice last month.
With tools like open-source intelligence (OSINT), IP address tracking, and blockchain forensics analysis, this agency is enhancing its ability to monitor complex cryptocurrency networks.
What does Kali Smith say about the increase in cryptocurrency financial fraud cases?
Kali Smith, the department's cryptocurrency strategy attorney, said that many police units realize the seriousness of cryptocurrency crime only after a week of intensive training.
"Only after a few days of training do they truly understand the extent of the situation that has occurred in their country."
Kali Smith, Cryptocurrency Strategy Attorney, 2024
In 2024, Americans lost about 9.3 billion USD due to crypto scams, with the elderly accounting for 2.8 billion USD. The situation of violence and torture to obtain account information has also increased, including cases of kidnapping young hacker families.
How does the U.S. Secret Service handle and coordinate in the fight against cryptocurrency crime?
Established in 1865 to combat counterfeiting after the U.S. Civil War, the U.S. Secret Service has evolved its capabilities from handling credit card fraud to complex cybercrime, now focusing deeply on the cryptocurrency field.
This agency does not operate alone but works closely with many cryptocurrency companies to freeze suspicious wallets and assist in asset recovery, creating an effective public-private partnership model to trace illegal money flows.
"The collaboration between law enforcement and blockchain companies creates a major turning point in preventing cryptocurrency crime."
CEO of a major blockchain company, 2024
Prominent practical examples of recovering illegal cryptocurrency.
The recovery of 225 million USD in cryptocurrency last month is evidence of the effective collaboration between the U.S. Secret Service, FBI, and the U.S. Department of Justice in stopping large illegal flows of money in the global cryptocurrency market.
This move has garnered attention from the security and financial sectors, affirming the agency's position in the fight against cybercrime.
What blockchain monitoring technology is being used?
The U.S. Secret Service applies advanced blockchain analysis technology, combining open-source tools and IP tracking to flag suspicious activities. Because blockchain ensures transparency, authorities can trace the origins and movements of illegal cryptocurrency more effectively.
Frequently Asked Questions
1. How much cryptocurrency has the U.S. Secret Service recovered from crime?
Over 400 million USD in cryptocurrency from crime-related cases since 2014, according to Bloomberg.2. Why has cryptocurrency crime surged recently?
The increased adoption of cryptocurrency and complex networks have created opportunities for new forms of scams and fraud.3. How can the U.S. Secret Service trace illegal cryptocurrency?
Through blockchain analysis, IP tracking, and collaboration with specialized companies in the cryptocurrency field.4. What are the common forms of cryptocurrency crime?
The most common are fake investment platforms, money theft scams, and even physical violence to obtain wallet information.5. Why is public-private collaboration important in this fight?
No agency can independently tackle sophisticated crime; it must rely on technology and support from blockchain businesses to trace and prevent.
Source: https://tintucbitcoin.com/my-thu-hoi-400-trieu-usd-tien-so/
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