While known for guarding presidents, the U.S. Secret Service has quietly built a powerful presence in the fight against crypto-related crime.
A Bloomberg report has revealed that the agency’s Global Investigative Operations Center (GIOC) has helped recover nearly $400 million in digital assets, with a large portion stored in a single cold wallet.
Much of the recent attention focused on a $225 million seizure carried out in collaboration with the FBI and federal prosecutors, but the report shows this is only part of a broader decade-long effort. Since its founding mission to combat counterfeiting, the agency has evolved into a high-tech financial crime fighter.
In addition to seizures, the Secret Service has taken a global role in education, delivering week-long crypto crime training programs to law enforcement in over 60 countries. According to department counsel Kali Smith, many local officials are unaware of how widespread these scams have become until exposed to the training.
Major crypto firms have also been involved. Coinbase has assisted the agency in tracking illicit funds, and in 2023, Tether announced it had integrated both the FBI and Secret Service into its platform to improve digital asset seizure efforts.
With increasing cooperation between public and private sectors, the Secret Service’s role in the crypto ecosystem now goes far beyond protection—it’s actively reshaping global financial security.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/how-the-u-s-secret-service-became-a-key-player-in-global-crypto-enforcement/