Coinbase says it helped the US Secret Service seize $225 million in crypto allegedly stolen by scammers, the largest crypto seizure in the agency’s history.
Crypto exchange Coinbase says it played a “key role” in supporting a US Secret Service investigation that resulted in the seizure of $225 million linked to crypto investment scams earlier this month.
On June 18, the Department of Justice filed to seize more than $225 million in crypto recovered by the Secret Service that was allegedly stolen by pig butchering scammers, which Agent in Charge Shawn Bradstreet said at the time was the largest cryptocurrency seizure in the agency’s history.
Coinbase said in a blog post on Tuesday that it joined several other exchanges in an “investigative sprint” with the Secret Service in 2024 to identify scam victims, analyze chain flows and help build a case to seize the crypto.
Read more