The U.S. Secret Service is stepping up its worldwide crackdown on cryptocurrency scams, revealing that its specialized unit has confiscated close to $400 million in digital assets over the past ten years. This isn’t just about chasing bad actors—it’s part of a broader effort to rein in the Wild West of crypto fraud.

Editor’s Note: Crypto scams have exploded alongside the rise of digital currencies, leaving victims—from everyday investors to big institutions—out millions. The Secret Service’s global push signals that law enforcement is getting sharper at tracking and seizing stolen crypto, which could deter fraudsters. But it also highlights how rampant these schemes have become, and why vigilance (and better regulation) is still needed.