According to CNBC’s report US Secret Service More than $102 million since 2015 to cryptocurrency confiscated.
The US Secret Service seized the cryptocurrencies in a total of 254 incidents linked to fraud.
David Smith, assistant director of investigations at the Secret Service, said the agency’s Bitcoin (BTC) and other cryptocurrencies He said he is actively monitoring the flow of transactions on the blockchain.
Smith said the following about cryptocurrencies in an interview:
“Tracking cryptocurrency transactions is no different than tracking an email address due to some linked identifiers.
Once a person makes a transaction and enters the blockchain, we have the ability to track that email or wallet address if we wish, and track it throughout the blockchain.”
Smith continued by stating that fraudsters prefer cryptocurrencies because of the speed of transactions with cryptocurrencies:
“Criminals are moving cryptocurrencies faster. The speed of these transactions makes crypto attractive to American consumers and criminals alike.
What criminals actually want to do using cryptocurrencies here is to buy time to cover up their crimes. What we want to do is follow up on this situation as quickly, aggressively and accurately as possible.”
Lastly, Smith said, the Secret Service aimed to prevent the illegal use of digital assets and inform about the security of cryptocurrencies in February. “Cryptocurrency Awareness Center” He reminded that he created a new website called