EP. 80 | How the FBI Tracks and Seizes Illicit Crypto with the Virtual Assets Unit Chief Patrick Wyman

The Federal Bureau of Investigation’s (FBI) Virtual Assets Unit Chief Patrick Wyman, joins Ari on this episode of TRM Talks to explore the Bureau’s evolving strategy for combating crypto-related crime.

Patrick shares his unconventional journey from mortgage fraud investigator to leading the FBI’s work on virtual assets. He explains how the Virtual Assets Unit operates as a cross-programmatic force multiplier — supporting investigations from terrorism financing to child exploitation to ransomware.

Their conversation highlights real-world cases, including a proactive victim outreach initiative tied to crypto investment fraud. This effort has already helped over 4,300 victims avoid further losses — saving an estimated USD 285 million.

Key discussion points include:

• How law enforcement uses blockchain intelligence to disrupt illicit finance
• The rise of crypto in every type of crime — from cyber to violent offenses
• The evolving definition of “wins” in the age of digital assets
• How seizing and forfeiting billions in crypto is now reshaping public sector ROI

Patrick also discusses the critical importance of interagency collaboration, public-private partnerships, and why education — not just enforcement — is essential to staying ahead of bad actors who move at the speed of the internet.