Trump Says Nearly $1 Billion in Scam-Linked Crypto Is Frozen as DOJ Goes Nationwide
By Unchained
AI summary of the source article
The U.S. administration announced that nearly $1 billion in scam-linked cybercurrency has been frozen. The Justice Department is launching a nationwide initiative deploying prosecutors across all 94 U.S. Attorneys' offices to combat cyber-enabled fraud.
Why it matters
Attorney General Todd Blanche stated that the shift to a nationwide federal response was enacted "[b]ecause of the magnitude of this issue, it demands a nationwide response."
Key facts
- President Trump stated that nearly $1 billion in scam-linked cybercurrency has been frozen and over $1.6 billion in losses prevented.
- The Justice Department's Scam Center Strike Force recorded $938,460,156.82 in restrained cryptocurrency as of Oct. 15.
- The Justice Department established a nationwide cyber-enabled scam initiative deploying dozens of prosecutors across all 94 U.S. Attorneys' offices.
Source excerpt · Unchained
At a White House cybercrime roundtable, the president claimed $1.6 billion in prevented losses, while the Justice Department's strike force lists $938.5 million in crypto restrained as of Oct. 15. The post Trump Says Nearly $1 Billion in Scam-Linked Crypto Is Frozen as DOJ Goes Nationwide appeared first on Unchained .