Donald Trump

President Donald Trump

Liberty

<p style="text-align: justify">US President Donald Trump led a roundtable at the White House addressing the growing threat of cybercrime, amid ongoing investigations and criticism over his family’s connections to digital asset ventures.</p>
<h2 id="focus-on-cybercrime-losses-and-government-action">Focus on cybercrime losses and government action</h2>
<p style="text-align: justify">During the meeting on Wednesday, Trump stated that Americans suffered over $20 billion in losses due to cybercrime in 2025, referencing a range of activities such as impersonation scams, ransomware incidents, and fraud conducted by international groups targeting US citizens.</p>
<p style="text-align: justify">He reported that, following a March executive order, federal officials managed to freeze $1 billion in cybercurrency tied to foreign scammers. Trump also noted that authorities prevented an additional $1.6 billion from falling victim to online crime within the same year.</p>
<p style="text-align: justify">Attorney General Todd Blanche and Defense Secretary Pete Hegseth took part in the roundtable, which prioritized discussion of security threats but did not specifically reference “cryptocurrency” or “digital assets,” despite prior speculation that digital asset scams would be central.</p>
<p style="text-align: justify">Trump chose the term “cybercurrency,” a phrase considered outdated by industry experts, while Homeland Security Secretary Markwayne Mullin described criminal activity mainly in terms of “digital extortion.”</p>
<blockquote>
 <p style="text-align: justify">The Federal Bureau of Investigation reported that Americans lost $11 billion in 2025 specifically to scams involving digital assets, including theft through crypto ATMs.</p>
</blockquote>
<h2 id="trump-family-ties-to-digital-assets-in-spotlight">Trump family ties to digital assets in spotlight</h2>
<p style="text-align: justify">Reports have placed additional scrutiny on Trump and his family’s relationship with digital asset projects. According to data compiled by Public Citizen, Trump disclosed earnings of $1.4 billion from crypto ventures in 2025. However, alleged schemes connected to these ventures reportedly led to investor losses amounting to $4.7 billion.</p>
<p style="text-align: justify">His family-owned firm, World Liberty Financial, attracted further attention after its USD1 stablecoin was reportedly used to settle a $2 billion investment in Binance by a company associated with Sheikh Tahnoon bin Zayed Al Nahyan of the United Arab Emirates.</p>
<p style="text-align: justify">Separately, the Official Trump (TRUMP) memecoin project continues to host events for tokenholders, with another dinner scheduled for November 22. These gatherings have drawn criticism from various lawmakers and watchdog groups, who question whether such initiatives amount to selling access to the presidency through so-called “pay-to-play” practices.</p>
<p style="text-align: justify">As investors monitor volatile markets and respond to shifting regulatory guidance, the ability to quickly analyze charts, access breaking news, and manage portfolios in a consolidated manner has become increasingly important. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like <a href="https://lk.software/cryptoappsy/" rel="noopener noreferrer nofollow">CryptoAppsy</a> to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.</p>
<h2 id="italian-authorities-move-against-crypto-money-laundering">Italian authorities move against crypto money laundering</h2>
<p style="text-align: justify">On the same day as the White House event, Italian police arrested 30 suspects in an alleged crypto-backed money laundering operation. The investigation, as reported by Bloomberg, targeted a network accused of converting funds from corporate fraud, crypto investment scams, and narcotics trafficking into digital asset wallets. Authorities believe a bank linked to the mafia played a role in these transactions.</p>
<blockquote>
 <p style="text-align: justify">Italy’s police said this criminal group funneled proceeds from fraud and drug operations into cryptocurrency, seeking to evade regulatory oversight.</p>
</blockquote>
<p style="text-align: justify">Global efforts to contain crypto-related crime continue, as regulators and law enforcement search for effective strategies to combat evolving digital asset threats.</p>
<p>The post <a href="https://en.coin-turk.com/trump-claims-20-billion-lost-to-cybercrime-in-2025-1-billion-in-digital-assets-frozen/" rel="noopener noreferrer nofollow">Trump claims $20 billion lost to cybercrime in 2025, $1 billion in digital assets frozen</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Trump claims $20 billion lost to cybercrime in 2025, $1 billion in digital assets frozen

Table of Contents

COINTURK NEWS

Other articles published on Oct 21, 2026

Join our free newsletter for daily crypto updates!