Trump Says Nearly $1 Billion in Scam-Linked Crypto Is Frozen as DOJ Goes Nationwide

President Donald Trump said on Oct. 21 that his administration had “frozen nearly $1B of cybercurrency tied to foreign scammers,” using a White House roundtable on cybercrime to promote its push against overseas fraud rings that target Americans. Trump also claimed the government had prevented at least $1.6 billion in losses this year and had “shut down 500+ fraudulent websites,” according to a post from the White House’s Rapid Response account. At the event, he said federal agents had been able to warn “over 10,000 Americans targeted for victimization,” Reuters reported . FBI Director Kash Patel said the bureau had dismantled 20 scam compounds around the world, according to the same report. Attorney General Todd Blanche said the Justice Department is no longer leaving these cases to individual U.S.

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