Over the past decade, American secret services has had seized nearly $ 400 million in cryptocurrency assets as part of its online fraud fight.
The Agence Global Investigative Operations Center (GIOC) played a crucial role in monitoring illicit funds, the use of blockchain analysis, open source tools and in -depth investigation methods.
Tether and Coinbase help agents target cryptographic fraud
According to a Bloomberg report, a large part of these crises stems from the repression of fraudulent investment platforms.
In these programs, the victims are attracted to believe that they take advantage of legitimate investments in cryptography, only so that the platforms disappear with their funds.
Meanwhile, the secret services worked in close collaboration with the main players in the industry, such as Coinbase and Tether, to recover stolen funds. These companies provide information on the blockchain and help freeze suspicious portfolios.
For example, a major operation led to freezing $ 225 million in USDT, linked to a romantic investment scam. These diets often target elderly people, who were disproportionately affected in 2024.
The CEO of Tether, Paolo Ardoino, underlined the company’s commitment to transparency and collaboration with the police. He said Tether establishes the standard of compliance in the digital asset sector.
“We establish the standard of compliance in digital assets and guidance efforts to ensure that stabbed are not used by bad players,” he added.
In 2024, the Americans declared $ 9.3 billion in sketch loss linked to the crypto, representing more than half of the loss of internet crime of the year.
However, despite the extent of the declared fraud, the data shows a drop in the decrease in cryptographic transactions linked to illicit activity.
TRM Labs indicated that the world volume of cryptographic transactions increased to $ 10.6 billions last year, up 56% compared to 2023. Meanwhile, illegal activity fell to $ 45 billion, or 0.4% of all transactions, against 0.86% the previous year.
“The largest categories of illicit activities on the blockchain have largely remained the same as in 2023, including scam and fraud (24% of illicit volume), sanctions (33% of illegal volume) and the list of blocks (29% of illegal volume),” said Trm Labs.
Although the drop in illicit transactions reflects stronger application and security measures, fraudsters continue to adapt. Many vulnerabilities use decentralized financing systems, blockchain protocols and emerging technologies.
In response, the secret services have increased its efforts on a global scale. The agency provides training to prosecutors and investigators in more than 60 countries to combat crime linked to crypto in high -risk jurisdictions.
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