Coinbase Supports United States Secret Service in Tracking Stolen Virtual Assets Worth $225 Million
YM Lee
Summary
- Coinbase reportedly played a key role in tracking approximately $225 million worth of stolen virtual assets for the United States Secret Service.
- Coinbase announced that it supported the operation of the Secret Service, FBI, and prosecutors by tracking stolen funds on the blockchain and identifying victims.
- A Special Agent of the United States Secret Service emphasized that this virtual asset seizure operation is the largest in the Secret Service's history.
The global cryptocurrency exchange Coinbase played a key role in tracking approximately $225 million worth of stolen virtual assets for the United States Secret Service.
According to a report by The Block on the 25th (local time), Coinbase assisted the United States Secret Service, Federal Bureau of Investigation (FBI), and prosecutors in an operation to seize around $225 million in virtual assets from individuals indicted for fraud. Coinbase was responsible for tracking stolen funds on the blockchain and identifying victims.
Shawn Bradstreet, Special Agent of the United States Secret Service, emphasized, "This virtual asset seizure operation is the largest in the history of the Secret Service."
YM Lee
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