Secret Service Shuts Down Telegram Crypto Scams with $52.8M Asset Freeze

The US Secret Service has frozen $52.8 million in cryptocurrency linked to Telegram Bazaar, a marketplace accused of facilitating global scams.

Telegram Bazaar is alleged to have powered scam operations worldwide, with the Secret Service targeting fraud networks that exploited the platform's reach.

The action aims to disrupt digital asset flows supporting these illicit activities, which have intensified over the past year as authorities crack down on hidden marketplaces and crypto scams.