Switch to seedless. Get 30% off with SWITCH30 till Oct 26Trump unveils crackdown on foreign crypto scams after $11B losses
6.5 Security Trump will spotlight a federal crackdown on foreign crypto scams after Americans lost over $11B in 2025. The White House event will focus on website seizures, impersonation scams, and enforcement efforts.
President Donald Trump will spotlight his administration’s intensified crackdown on foreign crypto scam networks targeting Americans at a White House event focused on cybercrime prevention. The event will include discussions on the government’s seizure of fraudulent crypto investment websites and actions against online impersonation scams, with key cabinet members in attendance. This crackdown comes after a surge in online fraud, with Americans reporting over $11 billion in cryptocurrency-related losses in 2025. More than 1 million internet scam complaints were filed to the FBI, marking a 17% increase from the previous year. Federal agencies have been directed to prioritize online fraud prosecutions and overseas cybercrime investigations. Enforcement actions include executive orders, website takedowns, and the Scam Center Strike Force, which has restrained nearly $938 million. The administration aims to disrupt foreign criminal organizations luring Americans into fraudulent crypto investments and reinforce efforts to protect victims, though questions remain about the return of seized funds.
