Trump Crypto Scam Crackdown Hits Telegram Markets and USDT Wallets

The Trump crypto scam crackdown takes center stage at a White House cybersecurity event, with the president expected to present his administration’s campaign against overseas fraud networks. Americans reported $11.37 billion in crypto-related losses to the FBI in 2025. Federal prosecutors have restrained about $938 million in crypto tied to scam operations since late 2025. Restrained assets are frozen pending legal proceedings and have not yet been returned to victims.