In a shocking turn of events, the U.S. Secret Service has decided to join the 21st century and tackle crypto fraud head-on. Because, you know, it’s not like they have anything better to do… like protecting the President or something. 😒
It appears that the Secret Service has been quietly (read: without telling anyone, because, you know, it’s a secret 🤫) training officials from over 60 countries in the ancient art of blockchain analysis. Because, let’s face it, if you want to catch a crypto thief, you need to think like a crypto thief. Or, at the very least, know how to use a blockchain. 🤔
According to a report by Bloomberg, the agency’s cryptocurrency strategy is being led by Kali Smith, who’s determined to make the world a safer place, one blockchain at a time. 💪
The workshops, which are provided at no cost (because, you know, the Secret Service is made of money… or not 🤑), aim to equip local police and prosecutors with the skills they need to track down those pesky crypto thieves. And, by all accounts, it’s working! 🎉
Sometimes after just a week-long training, they can be like, ‘Wow, we didn’t even realize that this is occurring in our country.’ Which, let’s be honest, is a bit worrying. 😳
In June, one such session took place in Bermuda (because, you know, Bermuda is a hub of crypto activity… or not 🌴), where Jamie Lam, a Secret Service investigative analyst, led law enforcement through case studies of real-world scams. Lam demonstrated how open-source tools, combined with patience and technical skill, helped trace illicit transactions to specific IP addresses and wallets. Because, you know, that’s exactly what you need to catch a crypto thief: patience and technical skill. And a few open-source tools. 🤓
As part of the Global Investigative Operations Center (GIOC), Lam’s team has helped recover nearly $400 million in digital assets over the past decade, often held in a single cold-storage wallet. Which, let’s be honest, is a pretty impressive feat. 🤑
With crypto fraud now accounting for the majority of internet crime losses in the U.S. (a whopping $9.3 billion reported in 2024), the agency’s strategy is to leverage blockchain transparency as a tactical advantage. Because, you know, that’s exactly what you need to catch a crypto thief: transparency. And a few blockchain tools. 🔍
So, if you’re a crypto thief, beware! The Secret Service is on the prowl, and they’re not afraid to use blockchain analysis to catch you. 😱
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2025-07-07 06:57