Trump highlights federal crackdown on overseas crypto scams at White House event
President Donald Trump spotlighted federal actions against foreign criminal networks running cryptocurrency scams, including the seizure of fake investment websites and the halting of hundreds of millions of dollars in illicit funds.
President Donald Trump hosted a White House cybercrime event focused on the administration's crackdown against foreign criminal networks targeting Americans with fraudulent cryptocurrency investment schemes and online impersonation scams.[1][4][5][6]
As part of the enforcement drive, federal agencies have halted roughly $833 million in cryptocurrency connected to overseas scams, seized 503 fake crypto websites, and warned nearly 9,000 Americans that they were being targeted by fraudsters, according to a White House official cited by CoinDesk.[2]
The event underscored federal initiatives to combat crypto-related fraud, protect domestic investors, and emphasize the necessity of international cooperation to safeguard consumers and the broader financial system.[1][3]
Key facts
- President Donald Trump hosted a White House cybercrime event spotlighting federal crackdowns on overseas crypto scams.
- Federal agencies halted approximately $833 million in cryptocurrency tied to overseas fraudulent schemes, according to a White House official.
- Authorities seized 503 fraudulent crypto websites used to lure investors, a White House official stated.
- U.S. officials notified nearly 9,000 Americans that they were being targeted by foreign crypto fraud networks.
- The administration emphasized international cooperation as essential to combating foreign crypto scams and securing financial systems.
Sources 路 6 sources
- BL
BlockNews@blocknewsdotcomPost on X 路
馃毃 TODAY: President Donald Trump is expected to host an event highlighting U.S. government seizures of websites allegedly involved in fraudulent cryptocurrency investment schemes. The event will focus on federal efforts to combat crypto-related scams and protect investors. https://t.co/g2UDCZFP8b
Open source - BS
BSCN@BSCNewsPost on X 路
Trump puts overseas crypto scam gangs in the White House spotlight The White House (@WhiteHouse) said President @realDonaldTrump will highlight his administration鈥檚 push against foreign criminal networks that lure Americans into fake crypto investments at a cybercrime event today. Federal agencies have halted about $833M in crypto tied to overseas scams, seized 503 fake crypto websites, and warned nearly 9,000 Americans that they were being targeted, a White House official said, per CoinDesk.
Open source - CB
Crypto BriefingArticle 路
Trump highlights crackdown on foreign crypto scams at White House event The crackdown on foreign crypto scams underscores the need for international cooperation to protect consumers and secure financial systems. The post Trump highlights crackdown on foreign crypto scams at White House event appeared first on Crypto Briefing .
Open source - CB
Crypto Banter@crypto_banterPost on X 路
馃毃TRUMP TO HIGHLIGHT CRACKDOWN ON OVERSEAS CRYPTO SCAMS! President Trump is set to speak at a White House event today on efforts to crack down on foreign criminal networks that lure Americans into fraudulent crypto investments. The event will highlight seizures of fake crypto sites and steps against online impersonation scams.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X 路
馃嚭馃嚫 NEW: Trump is set to tout his administration's crackdown on fraudulent crypto investment websites and online impersonation scams at a White House event Wednesday. https://t.co/dFsw8ClfO0
Open source - CO
CoindeskArticle 路
Trump to throw spotlight on overseas crypto abuses at White House event The president is hosting a cybercrime event that will highlight U.S. authorities' efforts to crack down on crypto scams run by foreign criminal organizations.
Open source