Trump Claims $20 Billion in Cybercrime Losses, Announces Freeze on $1 Billion
Current overview (not historical)
At a White House cybercrime roundtable, former President Donald Trump claimed that cybercrime caused over $20 billion in losses in 2025 and announced that federal officials had frozen $1 billion in "network currency" linked to foreign scams, preventing $1.6 billion in further damage. While the event was expected to focus on combating foreign crypto scams, neither Trump nor Attorney General Pam Bondi explicitly used the terms "cryptocurrency" or "digital assets" during the meeting. The administration maintains that frozen funds represent illicit crypto-linked assets, though the absence of specific terminology has drawn attention.
Written with AI from the reporting · updated 10/21/2026
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- 1Unclassified fact stationOct 22, 00:00recorded Oct 22, 04:28single sourcerevised
Trump 称美国人因网络诈骗损失200亿美元
Read original source ↗ CointelegraphReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Donald Trump
- Action：
- 在白宫网络犯罪圆桌会议上发表讲话
- Object：
- 美国网络诈骗案件
- Occurred (fact side)：
- Oct 22, 00:00
- Published (valid side)：
- Oct 22, 04:19
- First seen (known side)：
- Oct 22, 04:28
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CointelegraphRelated fact: single sourceSource report revisedTrump roundtable on cybercrime avoids explicit mention of cryptocurrency
Report first recorded Oct 22, 04:28
At a White House roundtable on cybercrime, President Donald Trump stated that 'countless' Americans lost over $20 billion to cybercrime in 2025 through various schemes, and federal officials froze $1 billion in 'cybercurrency tied to foreign scammers' while preventing $1.6 billion in losses in 2025 following a March executive order. Despite prior reports suggesting a focus on cracking down on foreign crypto scams, Trump and Attorney General Todd Blanche did not explicitly use terms like 'cryptocurrency' or 'digital assets,' with Homeland Security Secretary Markwayne Mullin referring only to 'digital extortion.'
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