Trump to throw spotlight on overseas crypto abuses at White House event
Summary
Trump planned to spotlight efforts against overseas crypto-enabled scam networks at a White House cybercrime event. The administration says agencies have halted about $833 million in crypto linked to scams, seized 503 fraudulent websites and warned nearly 9,000 potential victims. A Treasury-led strike force is targeting “pig butchering” operations based in parts of Southeast Asia, alongside U.S. sanctions against related websites and infrastructure. The article also notes political scrutiny of Trump’s personal crypto ties ahead of midterm elections.
