White House · Donald Trump · FBI · Pentagon · Bitcoin Magazine
President Trump to Highlight Crackdown on Overseas Crypto Scams
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Trump to tout seizures of fraudulent crypto sites at White House cybercrime event as FBI data shows $11.3 billion in U.S. crypto fraud losses in 2025.
Key facts
- The FBI’s Operation Level Up notified 3,780 victims of active crypto investment fraud in 2025 and saved an estimated $225.8 million
- The FBI’s Internet Crime Complaint Center logged 181,565 crypto-related complaints and $11.366 billion in losses for 2025, making digital assets the single most loss-heavy category in the report
- Chainalysis data from January showed illicit crypto addresses received at least $154 billion in 2025, a 162% increase from 2024
- Trump to tout seizures of fraudulent crypto sites at White House cybercrime event as FBI data shows $11.3 billion in U.S. crypto fraud losses in 2025
Summary
President Donald Trump will use a White House event on Wednesday to spotlight his administration’s push against foreign criminal networks that lure Americans into fake crypto investments, a White House official told Reuters. The remarks are part of a broader event on cyber crime prevention. Homeland Security Secretary Markwayne Mullin, FBI Director Kash Patel, Defense Secretary Pete Hegseth and Attorney General Todd Blanche are expected to attend. The event follows a March executive order in which Trump directed the Justice Department to prioritize the identification and prosecution of online scammers.