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President Donald Trump was scheduled to highlight U.S. efforts against overseas crypto-fueled criminal operations at a White House cybercrime event on Wednesday, according to a White House official. The administration says law enforcement has halted about $833 million in crypto connected to the scams, seized 503 fraudulent websites and warned nearly 9,000 U.S. citizens they were being victimized.
President Donald Trump was scheduled to spotlight U.S. efforts against overseas crypto-fueled crime at a White House cybercrime event on Wednesday, according to a White House official. The administration says law enforcement has halted about $833 million in cryptocurrency connected to scams, as well as seized hundreds of fraudulent websites and alerted thousands of potential victims.
The official said Trump would discuss how the administration is targeting and disrupting transnational criminal organizations that use cryptocurrency-related schemes to steal from U.S. residents. The operations described include relationship scams, phishing campaigns, ransomware and other forms of fraud. The event was also expected to address strategies for seizing funds and shutting down scam operations.
According to the official, U.S. agencies have halted about $833 million in crypto connected to overseas scams during Trump’s time in office. The Homeland Security Task Force has seized 503 fraudulent crypto websites, and the government has informed almost 9,000 U.S. citizens that they were being victimized. The report does not specify the period covered by the figures or how the government calculated the total halted.
The figures and descriptions are administration claims relayed by a White House official. The source report does not provide independent verification, a breakdown by agency or case, or details about how much of the halted cryptocurrency was ultimately recovered and returned to victims. The event was presented as an opportunity to describe enforcement actions, not as a release of a full accounting.
The Scale of U.S. Scam Disruption
The administration’s figures indicate the scale of the enforcement response it intends to emphasize: hundreds of millions of dollars in crypto transactions halted, hundreds of websites seized and nearly 9,000 people notified. Those measures may disrupt access to scam infrastructure and alert people whose funds or personal information are at risk. But halted transactions, seized websites and money recovered for victims are different outcomes; the available figures do not establish how much money people have received back.
The event also puts a cross-border problem on the White House agenda. The report describes scam operations run by organized groups outside the United States that target Americans through digital channels. Addressing them can involve law enforcement, financial controls and cooperation across jurisdictions. The source does not detail which partners or specific operations Trump was expected to discuss.
There is also a political dimension. The report notes that Trump’s personal crypto ties have drawn accusations of self-dealing against him and his administration as midterm elections approach. That political scrutiny is separate from the reported enforcement figures: the source does not establish that the event or the enforcement actions address those accusations.
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From Treasury Task Force to White House
The planned event follows earlier federal action against scam operations. In November, the Treasury Department announced a multi-agency Scam Center Strike Force to pursue “pig butchering” schemes, a type of fraud that commonly builds a relationship with a target before persuading the person to transfer money. The report says the operations were coordinated by organized crime groups in places including Burma, Cambodia, Laos and the Philippines.
Since last year, the United States has also issued sanctions aimed at cutting off websites and infrastructure linked to these attacks, according to the report. The White House event was expected to draw those actions together as part of the administration’s account of its response to overseas cybercrime. The source does not list the sanctions, identify all agencies involved or say whether new measures would be announced.
The broader issue is the use of crypto in scams that reach victims in the United States while the people and infrastructure behind them may be located abroad. The report says such schemes have stolen tens of billions of dollars from U.S. citizens, but gives no specific time period or underlying data for that estimate. That figure should be understood as the report’s characterization, not as a fully documented event-specific tally.
“The administration’s law enforcement agencies have halted about $833 million in crypto connected to overseas scams.”
— A White House official, as quoted in the CoinDesk report
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Figures and Event Details Still Pending
The source report describes what Trump was scheduled to highlight; it does not confirm what he ultimately said at the event. It also gives no detailed accounting behind the $833 million figure, including the relevant dates, the definition of “halted,” or the amount recovered or returned to victims. The relationship between the seized websites and particular investigations is not specified.
It remains unclear whether the event produced new policies, sanctions or enforcement announcements, and whether any additional agencies or international partners took part. The source also does not provide a response from the targets of the enforcement actions or independent evidence about the administration’s totals. The political accusations concerning Trump’s crypto ties are reported as a separate issue, not resolved by the event information.
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Watch for Remarks and Enforcement Data
The next step is to compare the event’s actual remarks with the White House official’s advance description and determine whether the administration announces additional actions. Further detail from the relevant agencies could clarify the time period behind the reported figures, how funds were halted, and whether victims recovered any of the money.
Updates may also show whether the Scam Center Strike Force or sanctions activity has produced new cases or disrupted specific overseas operations. Until agencies provide that information, the reported totals remain an administration account of enforcement activity, and the impact on victims is not fully established.
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Key Questions
What was Trump expected to discuss at the White House event?
He was scheduled to highlight the administration’s efforts against overseas crypto-fueled criminal operations, including scams and the methods used to seize funds and disrupt the groups behind them.
How much crypto did the administration say it halted?
A White House official said U.S. law enforcement had halted about $833 million in crypto connected to overseas scams. The report does not state the time period or say how much was returned to victims.
What other enforcement figures did the official give?
The official said the Homeland Security Task Force seized 503 fraudulent crypto websites and that the government informed almost 9,000 U.S. citizens they were being victimized.
What is the Scam Center Strike Force?
The Treasury Department announced the multi-agency Scam Center Strike Force in November to pursue organized “pig butchering” schemes. The report says those operations have been linked to groups in several countries in Southeast Asia.
Did the event announce new policies or confirm money was returned?
The source report does not confirm new policies or provide a figure for money returned to victims. It describes the event as planned and the enforcement numbers as claims from a White House official.
Source: rss
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