U.S. Secret Service Quietly Becomes a Major Crypto Holder After $400M Seizure

Over the past decade, the U.S. Secret Service has quietly become one of the largest holders of crypto, though not by investment. Instead, it has seized nearly $400 million in digital assets from a wide range of crypto scams, transforming itself into an unexpected heavyweight in crypto custody. 

From Romance Scams to Investment Traps

Most of the crypto scams that the Secret Service has recovered are kept safely offline in cold storage. This means the digital keys needed to access the funds are stored on devices that aren’t connected to the internet,…