Agent Smith says Secret Service seized $102M in crypto in 254 cases since 2015
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....
Related News
Shaun Bridges, the former Secret Service agent who pleaded guilty to stealing more than $800,000 in bitcoin while investigating Silk Road, is suspected in two other theft cases, according to a recently unsealed affidavit, Reuters reported. Bridges is believed to have stolen $700,000 of bitcoin from a Secret Service account three months after the agency was urged to remove his access to the account. The Secret Service did not move the funds, and later learned the funds were stolen. The theft was discovered after a court ordered the agency to pay claimants for their losses. The former Secret....
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 […]
The former Secret Service agent convicted in the theft of Bitcoin from the Silk Road during their investigation is accused of stealing even more than previously thought. According to newly released documents, Shaun Bridges, one of two federal agents caught stealing during the Silk Road investigations, is accused by prosecutors of stealing an additional $700,000 worth of Bitcoin. Bridges is currently serving a 71-month prison sentence for the initial theft. Government knew Bridges had access to the seized Bitcoin. According to the recently released documents, the Department of Justice knew....
The US government believes that a former Secret Service agent convicted of stealing hundreds of thousands of dollars in bitcoin during the investigation of Silk Road may have been involved with additional thefts from the now-defunct online dark market. Ex-Secret Service agent Shaun Bridges was sentenced to nearly six years in federal prison after pleading guilty last year to money laundering and obstruction charges tied to the theft of more than $800,000 in bitcoin from the Silk Road during the US government’s investigation. Bridges was re-arrested in late January on suspicion that he was....
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....