Trump says administration froze nearly $1 billion in scam-linked crypto

US President Donald Trump announced on October 21 that his administration had frozen nearly $1 billion in cryptocurrency associated with international scam operations. He shared these details during a White House roundtable dedicated to tackling cybercrime and highlighted the government’s focus on combating overseas fraud rings targeting US citizens. Trump reported that the federal government had prevented at least $1.6 billion in potential losses to Americans in the current year. He also mentioned the shutdown of over 500 fraudulent websites as part of ongoing enforcement efforts.

Also reported by Unchained.

Source: CoinTurk News