Coinbase revealed that it assisted the U.S. Secret Service in tracking and seizing $225 million in "stolen cryptocurrencies" linked to a pig slaughter fraud operation in 2023 - the largest cryptocurrency seizure by the agency to date.
The funds, including USDT tokens that were frozen by Tether last December, were tracked on the Coinbase network to associated addresses.
Coinbase also supported the identification of victims for compensation.