Coinbase has declared that it played a significant role in assisting the US Secret Service in seizing $225 million in cryptocurrency linked to investment scams, marking the largest crypto seizure in the agency's history. This operation, which took place on June 18, is a result of collaborative efforts between Coinbase and multiple exchanges during an investigative mission aimed at identifying scam victims and analyzing transaction flows. Coinbase reported that from February 26 to 29 of the previous year, it traced numerous transactions back to illicit wallets, ultimately flagging over 130 of its customers who were unknowingly defrauded, with reported losses totaling $2.3 million. Additionally, the Secret Service identified about 140 accounts linked to scam operations based in Southeast Asia. The operation also involved Tether, which assisted in the investigation by confirming the burning and reissuing of tokens equivalent to the seized amount, illustrating how blockchain can enhance transparency in law enforcement operations.

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