The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. crypto bitcoin $BTC
“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.”A senior executive with the U.S. Secret Service, David M. Smith, talked about cryptocurrency in an interview with CNBC, published Tuesday.
The Secret Service is responsible for detecting, investigating, and arresting any person who violates certain laws related to financial systems. “In recent years digital assets have increasingly been used to facilitate a growing range of crimes, including various fraud schemes and the use of ransomware,” its website describes.
When you follow a digital currency wallet, it’s not different than an email address that has some correlating identifiers. According to statistics compiled by the agency, the Secret Service has seized more than $102 million in cryptocurrency since 2015 from criminals in connection with 254 cases of fraud-related investigations, the publication conveyed.
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