Trump Cites Nearly $1 Billion in Crypto Frozen in Scam Crackdown

President Donald Trump said federal authorities had frozen nearly $1 billion in cryptocurrency tied to foreign scammers at a White House cybercrime roundtable on Oct. 21. He also said authorities had prevented at least $1.6 billion in losses this year. The figures describe different measures: assets held from movement and losses Trump said authorities had stopped. The Department of Justice (DOJ) Scam Center Strike Force’s total for cryptocurrency under restraint stood at $938,460,156.82 in an Oct. 15 tally, close to Trump’s rounded figure. The restrained amount represents assets held back from movement, not money already returned to victims. Returning funds to victims is among the strike force’s goals. The strike force launched in November 2025 to target cryptocurrency-related fraud and scam operations in Southeast Asia.

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