White House · Donald Trump · U.S. Treasury · Myanmar · CoinDesk
Trump to throw spotlight on overseas crypto abuses at White House event
Compiled by KHAO Editorial — aggregated from 3 sources. See llms.txt for citation guidance.
✓ KHAO Verified
President Donald Trump planned to put special focus on his administration's efforts against overseas crypto-fueled criminal operations at a Wednesday event on cybercrime, according to a White House official.
Key facts
- The administration says its law enforcement agencies have halted about $833 million in crypto connected to the overseas scams, and 503 fraudulent crypto websites have been seized under the watch
- President Donald Trump planned to put special focus on his administration's efforts against overseas crypto-fueled criminal operations at a Wednesday event on cybercrime, according to a White House
- In November, the Department of the Treasury announced it had formed a multi-agency Scam Center Strike Force that pursued so-called "pig butchering" that was coordinated by widespread and well-funded
- Since last year, the U.S. issued several sanctions to meant to wall off the websites and infrastructure behind such attacks
Summary
At a White House cybercrime event, President Donald Trump is set to highlight how much his administration has done to pursue overseas crypto criminals. Under his watch, U.S. law enforcement has halted about $833 million in fraudulent crypto transactions, an official said. Crypto-related scams have stolen tens of billions from U.S. citizens, and Trump was set to highlight how much his administration is targeting and disrupting the transnational organizations behind it. The administration says its law enforcement agencies have halted about $833 million in crypto connected to the overseas scams, and 503 fraudulent crypto websites have been seized under the watch of the Homeland Security Task Force.