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

At a White House cybercrime roundtable, the president claimed $1.6 billion in prevented losses, while the Justice Department’s strike force lists $938.5 million in crypto restrained as of Oct. 15. 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…