US Secret Service Becomes Major Crypto Custodian After US$400M Seizure
- The Secret Service has recovered nearly US$400M in crypto assets over the last decade.
- Its largest haul was US$225M in Tether, seized from romance-investment scams.
- Most of the seized assets are stored in a single cold wallet, among the world’s largest.
The US Secret Service has seized nearly US$400 million (AU$614.68 million) in cryptocurrencies across the past ten years, with the majority stored in a single cold-storage wallet – now one of the largest in the world. The most substantial of these operations was a US$225 million (AU$346 million) recovery in Tether, linked to widespread romance-investment scams.
This success stems from the work of the Global Investigative Operations Center (GIOC), the…
