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Benzinga
Benzinga
Business
Namrata Sen

Trump Inaugural Donor Loses $250,000 In Crypto Scam By Steve Witkoff Impersonator, FBI Recovers Over $40,000

Steve Witkoff FBI Trump Crypto TRM Labs
Hooded,Hacker,Stealing,Crypto,Assets

A donor to the Trump-Vance Inaugural Committee was reportedly defrauded of $250,300 in cryptocurrency. The FBI has recovered $40,300 of the stolen amount, which is now involved in a civil forfeiture case.

What Happened: The victim received an email on Christmas Eve 2024, which appeared to be from Steve Witkoff, co-chair of the Trump-Vance Inaugural Committee. Believing it to be legitimate, the victim transferred 250,300 USDT.ETH—a dollar-pegged stablecoin on the Ethereum (CRYPTO: ETH) blockchain—to a cryptocurrency wallet controlled by a scammer later traced to Nigeria.

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