President Donald Trump was set to use a White House cybercrime event to draw attention to his administration’s efforts against overseas criminal groups that use cryptocurrency in large-scale scams, according to CoinDesk. U.S. officials say law-enforcement agencies have halted about $833 million linked to fraudulent crypto transactions, seized 503 websites and warned nearly 9,000 Americans that they were being targeted.
White House focus on foreign-run crypto crime
The event was planned for Wednesday and was expected to focus on transnational criminal organizations operating scam centers outside the United States. These groups have built extensive operations aimed at taking money from victims through several forms of fraud, including relationship scams, phishing and ransomware attacks.
Relationship scams, sometimes called “pig butchering,” typically involve criminals building trust with victims before persuading them to send money or make supposed investments. Phishing campaigns seek sensitive information through deceptive messages or websites, while ransomware attacks can lock access to data or systems and demand payment.
The White House official said the administration would discuss efforts to disrupt these organizations by seizing funds and shutting down the websites and infrastructure used in their operations. Crypto can be moved across borders and used through online services, making international coordination a central part of efforts to trace and stop such schemes.
The broader scale of the problem is significant: crypto-related scams have taken tens of billions of dollars from U.S. citizens, according to the source material. The administration’s focus is therefore not limited to individual fraudulent transactions; it is also aimed at the overseas networks that coordinate and operate the schemes.
Enforcement figures and international operations
The administration says its law-enforcement agencies have stopped approximately $833 million in cryptocurrency connected to overseas scams during Trump’s time in office. It also says the Homeland Security Task Force has seized 503 fraudulent crypto websites.
Officials further said that almost 9,000 U.S. citizens had been informed that they were victims of ongoing scams. That outreach is intended to alert people who may not yet realize they are being targeted, alongside the financial seizures and website takedowns.
The enforcement campaign includes activity by multiple government agencies. In November, the U.S. Department of the Treasury announced the creation of a multi-agency Scam Center Strike Force. The group pursued “pig butchering” operations described as being coordinated by large, well-funded organized-crime networks.
The source identified Burma, Cambodia, Laos and the Philippines as locations associated with the operations being pursued. Since last year, the United States has also imposed a number of sanctions intended to isolate the websites and supporting infrastructure behind these attacks. Sanctions can be used to restrict access to financial and digital services, while seizures and takedowns directly target assets or online locations connected with the alleged criminal activity.
Political backdrop and Moneyiar market picture
The White House event came against a more complicated political backdrop for Trump. As congressional midterm elections approached, his personal connections to the crypto industry had become part of accusations of self-dealing directed at the president and his administration. The source material did not provide further details about those accusations, but it noted that digital assets had become a prominent issue in that debate.
Moneyiar market data, recorded at the times shown below, put the price of the OFFICIAL TRUMP token at $1.7290689812, down 5.7% over 24 hours and 8.08% over seven days as of October 22, 2026, at 23:08 +03:30. The data also showed:
- Light (LIGHT): $0.1672899542, up 1.73% in 24 hours and down 9.4% over seven days, as of September 14, 2026, at 02:53 +03:30.
- Mina (MINA): $0.069840883, down 5.53% in 24 hours and 4.45% over seven days, as of October 22, 2026, at 23:08 +03:30.
- Ore (ORE): $123.1662628078, down 3.14% in 24 hours and up 1.65% over seven days, as of October 22, 2026, at 23:08 +03:30.
These market figures describe selected digital assets and do not measure the scale of the enforcement actions discussed at the White House. The planned event’s central message was that U.S. authorities were targeting both the money generated by overseas crypto scams and the criminal infrastructure supporting them.
