US Secret Service Don Grab Crypto: $400M Over Ten Years
US Secret Service Global Investigative Operations Center don don seize almost $400 million for cryptocurrency within di past ten years, including record $225 million for USDT wey relate to romance scams and fake investment schemes. Investigators use open-source intelligence, blockchain forensics, domain registry research plus VPN slip-ups to trace illegal funds. One big case na for Idaho wey involve sextortion plot with minor and 6,000 transactions. Even though dem don make enforcement gains, crypto crime still dey rise: Americans lose $9.3 billion to scams for 2024 and $2.47 billion to hacks, scams plus exploits for first half of 2025. Security company CertiK talk say dem lose $1.7 billion in 34 wallet hacks, $410 million from 132 phishing attacks plus big breaches like the $1.5 billion Bybit hack and $225 million Cetus Protocol exploit. Ethereum na top target with $1.6 billion stolen across 175 incidents. As regulators dey tighten watch, demand for cold storage and non-custodial wallets with biometric 2FA plus advanced cryptography dey grow to secure assets against fraud and big hacks.
Neutral
Dis enforcement action dey show say law enforcement don get beta ability to track and seize illegal crypto assets, wey fit strong long-term market security and confidence. But e no go directly affect cryptocurrency supply or demand. Traders suppose take am as neutral factor: e dey show how important secure custody be but e no too get chance to make price move sharply now now.