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Trump Hosts White House Roundtable on Cybercrime Crackdown

Trump said federal authorities froze nearly $1 billion in crypto tied to foreign scammers and warned more than 10,000 Americans, officials said.

  • On Wednesday, President Donald Trump convened a White House East Room roundtable focused on combating foreign cybercrime, citing government actions that prevented at least $1.6 billion in losses this year.
  • Trump stated that "countless" Americans lost more than $20 billion to cybercrime in 2025 through ransomware and impersonation schemes, framing the issue as foreign economies propped up by stealing from American seniors.
  • Federal law enforcement has frozen nearly $1 billion in cybercurrency and dismantled over 500 fraudulent websites, while Trump mentioned the release of 74-year-old American Stephen Hubbard from Russia following talks with Vladimir Putin.
  • Amid the crackdown, Trump's family firm, World Liberty Financial, faces scrutiny over its USD1 stablecoin being used to settle a $2 billion Binance investment by an entity tied to Sheikh Tahnoon bin Zayed Al Nahyan in the United Arab Emirates.
  • A Public Citizen report claims Trump's alleged "schemes" cost investors about $4.7 billion, while Trump reported netting $1.4 billion from crypto ventures; critics noted neither the president nor Attorney General Todd Blanche explicitly discussed "digital assets" at the event.
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Trump administration touts efforts to combat cybercrime

(The Center Square) – U.S. Attorney General Todd Blanche, Homeland Security Secretary Markwayne Mullin and others joined the president at a roundtable Wednesday promoting the administration’s work on preventing and responding to cybercrime by transnational criminal organizations preying on Americans.

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The Straits Times broke the news in Singapore, Singapore on Wednesday, October 21, 2026.
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