- This was stated by employees of the department during the AMA session.
- According to them, USSS holds a certain amount of cryptocurrency
- The agency also has its own NFT collection on OpenSea
Yesterday, May 15, Reddit users had a unique opportunity to ask a question to representatives of the US Secret Service. Together with members of the REACT division, department employees held an AMA session on the Reddit site.
You can see all answers in “branch” of the subreddit. In this article, we will highlight only the most interesting points that relate to the blockchain, tracking of stolen cryptocurrencies and NFTs.
Blockchain is good
Members of the REACT division consider this technology to be “useful”. The decentralized and transparent nature of the blockchain allows individuals to track the movement of capital.
Together with the principle of immutability, this makes the field of cryptocurrencies more regulated than fiat. Tracking the stolen funds in the “crypt” is even easier in some cases.
Moreover, the representative of the Secret Service “advised” to use cash for illegal activities. It is often more difficult to trace and link them to a specific person.
Is crypto-related cybercrime on the rise?
The answer is definitely yes. According to a Secret Service spokesman, most of the incoming fraud calls are related to digital assets in one way or another.
At the same time, the department itself is the holder of the cryptocurrency. According to the service, this allows employees to “better understand” the market and the behavior of its participants.
Own NFT collection
When asked about whether the Secret Service will launch its own meme-coin, the department answered quite unexpectedly. Turns out there’s already a USSS San Francisco collection on OpenSea. You can get to know her at link.
Recall that earlier the US Department of Justice threatened cryptocurrency exchanges with “tough measures”. The department expects that this will allow to “restrain” the rest of the market participants.