US Edition
U.S. Secret Service Team Has Recovered Nearly $400 Million in Crypto From Criminals: Bloomberg
- Over the last ten years, the US Secret Service has confiscated digital assets valued at close to $400 million from individuals involved in cryptocurrency crimes.
- This recovery effort follows increasing crypto-related scams, with Americans reporting $9.3 billion out of $16.6 billion in fraud losses in 2024 alone.
- The agency uses advanced tools and training, conducting workshops in over 60 countries to help law enforcement trace fraud, as exemplified by cases involving extortion and kidnapping.
- Jamie Lam, a Secret Service analyst, said to Bermuda officials in June, "That's how they do it," highlighting scammers' tactics; Bermuda's governor Andrew Murdoch noted technologies spur growth but also exploitation.
- These initiatives establish the Secret Service as a leading custodian of cryptocurrency and highlight the critical role of enhanced investigative capabilities and international collaboration in addressing the misuse of emerging financial technologies.
Insights by Ground AI
Does this summary seem wrong?
16 Articles
16 Articles
All
Left
Center
2
Right
2
Secret Service in US expands a global push against crypto scams
The scam began with a message, then a friendly exchange. A stranger directed the victim to a cryptocurrency investment site that appeared professional — slick design, charts, even customer support. The first deposit showed a modest profit. So did the next. Encouraged, the victim sent more, even borrowing money to keep up. Then, without warning, the platform stopped responding. The account balance disappeared. “That’s how they do it,” Jamie Lam, …
·New York, United States
Read Full Article
Coverage Details
Total News Sources16
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
