U.S Secret Service Seizes $102 Million Of Crypto Assets Linked To Criminals
In a crackdown against illicit transactions of digital assets linked to cybercrimes, the U.S. Secret Service has seized more than $102 million worth of digital assets, reported CNBC. Per the stats provided by the security agency, the seized crypto wealth is recovered from 254 cases targeted since 2015. Related Reading | Crypto May Be Used […]
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The United States Secret Service (USSS) has seized more than 25 bitcoins from a Coinbase account and seemingly converted them automatically to $13,000 USD, it has emerged. US Secret Service Seizes Funds. In an official notification dated today, USSS announced that on June 3 it had taken control of “$13,138.12 in U.S. Currency in Lieu of 25.0001538....
The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities,” said the assistant director of the Secret Service’s Office of Investigations. “What we want to do is to track that as quickly as we can, aggressively as we can, in a linear fashion.”
US Secret Service Seizes Cryptocurrency Worth $102 Million
A senior executive with the U.S. Secret Service, David M. Smith, talked about....
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency. NCA Seizes Crypto Worth $33 Million The British National Crime Agency (NCA) published its annual report 2021-22 this week. The NCA “leads the U.K.’s fight to cut serious and organized crime, protecting the public by targeting and pursuing those criminals who pose the....
The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.” Secret Service’s Crypto Awareness Hub The....
The U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases. A top official from the U.S. Secret Service (USSS) says the agency can track the flow of Bitcoin and other cryptocurrencies in a similar manner to email addresses, and it has seized more than $102 million in crypto across 254 cases since 2015.USSS assistant director of investigations David Smith told CNBC that the transparent and immutable aspect of blockchain ledgers means investigators can trace transactions....