Report: Trump to Address Foreign Crypto Scams at White House Event

Americans filed over a million internet scam complaints with the FBI last year, a 17% increase from 2024, and reported the highest losses. President Donald Trump will use a White House event on Wednesday to spotlight his administration’s efforts against foreign criminal networks that lure Americans into fraudulent crypto investments, a White House official told Reuters. His own family, meanwhile, is heavily involved in soliciting crypto investments. Cabinet Officials Set to Attend Scam Event Cybercrime prevention more broadly is the theme of the session, and the president and members of his cabinet are expected to point to the government’s seizure of fraudulent crypto investment websites, the official explained. Efforts to stop online impersonation scams are also on the agenda. Homeland Security Secretary Markwayne Mullin, FBI Director Kash Patel, Defense Secretary Pete Hegseth and Attorney General Todd Blanche are expected to attend, the official added. According to an FBI report, Americans filed more than a million complaints about internet scams last year, a 17% increase from 2024. The same report noted that Americans who filed complaints reported the highest losses. Trump’s fam...