Coinbase Aids US Secret Service in $225M Crypto Seizure

• Lyla Velez
• June 25, 2025
• News
• 0 Comments

Coinbase, in collaboration with the U.S. Secret Service, cracked down on a $225 million cryptocurrency scam targeting international victims.

The crackdown highlights improved cybersecurity collaboration and boosts blockchain investigation techniques.

Coinbase and the U.S. Secret Service executed a major operation involving a $225 million seizure, targeting pig butchering scams. The operation drew the participation of Tether, which froze the assets.

Key parties included Coinbase, handling transaction tracks, and the U.S. Secret Service, leading the probe, with Tether halting $225 million in USDT. Victims are advised to contact the FBI.

The seizure demonstrated the capability of combined law enforcement and financial institutions. It showcases the potential for future operations involving stablecoins like Tether.

Special Agent Shawn Bradstreet confirmed the significance of the seizure: “the largest cryptocurrency seizure in Secret Service history.”

While Tether halted and reissued $225 million in USDT, the operation did not affect other major cryptocurrencies. Blockchain intelligence was crucial, setting a precedent for future recovery actions.

Analysts note the seizure’s significance in cryptocurrency regulation and law enforcement cooperation. This action underscores the importance of proactive security measures in cryptocurrency infrastructure.

Steps taken by Coinbase and law enforcement agencies are likely to shape future regulatory frameworks in cryptocurrency transactions, fortifying against cyber financial frauds.