TRM Talks

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


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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.

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