INSUBCONTINENT EXCLUSIVE:
(GIOC) has tracked funds through open-source tools, blockchain analysis, and patience, Jamie Lam, an investigative analyst with the US
cold-storage wallet, results from a string of investigations into scams
Scammers lure targets into seemingly legitimate crypto investment platforms in one typical scheme
In one case, a cryptocurrency payment led investigators to another wallet
crimes.The agency has focused on jurisdictions with weak oversight or programs selling residency to foreign nationals
One investigation involved an Idaho teenager who sent a nude photo to an online stranger
The scammer extorted $300 twice before the teen went to the police.Analysts traced the payments through another coerced teenager acting as a
money mule, leading to an account tied to nearly $4.1 million in transactions under a Nigerian passport
British police arrested the suspected extortionist when he arrived in Guildford, England, where he remains in custody pending
driver of US internet crime losses
Americans reported $9.3 billion stolen in crypto fraud in 2024, more than half of the $16.6 billion in total internet crime losses that
representing a nearly 3% increase compared to the $2.4 billion stolen in 2024.Recovering stolen crypto often depends on cooperation from
Coinbase and Tether have acknowledged assisting in high-profile cases by analyzing transactions and freezing wallets
One of the largest single recoveries involved $225 million in USDt (USDT) linked to romance scams.Magazine: Dogecoin set for rebound? Ripple
