“Industry Partners Like Coinbase and Tether Have Assisted in Large-Scale Recoveries, Including $ 225 Million in USDT Tied to Romance-Investment Scams”, – WRITE: www.coindesk.com
Through it Global Investigative Operations Center (Gioc), The Agency Has Seized Nearly $ 400 Million in Digital Assets Over the Past Decade. Much of That Sits in A Single Cold Wallet That Is Now Among the most Valuable Globally.
With Digital Fraud Driving A Majority of Internet Crime in The Us, Losses Tied to Crypto Scams Reached $ 9.3 Billion in 2024, FBI Data Show. Investment Frauds, Fake Platforms and Extoring Schemes Disproportionately Affect Older Victims, Who Lost Nearly $ 2.8 Billion Last Year. The Gioc Uses Open-Surce Tools, Subpoenas and Blockchain Analysis to Trace Stolen Funds.
Led by Attorney Kali Smith, The Unit Trains Law Enforcement Globally, Targeting Jurisdices Vulnerable to Lax Oversight. A recent workshop in bermuda underscored the risks facing crypto-freely regions. Industry Partners Like Coinbase and Tether Have Assisted in Large-Scale Recoveries, Including $ 225 Million in USDT Tied to Romance-Investment Scams.
“This Training is Part of Our Mission,” Said Patrick Freaney, Head of the New York Field Office. “We’ve Been Following the Money for 160 Years.”
CorRECT (JULY 7, 08:43 UTC): CorRECTS THAT The Bloomberg Report Was Publissed on Saturday, Not Monday.
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