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International Business Times UK
International Business Times UK
Politics
Dani Oh

Trump Plans Crypto-Scam Crackdown Event—What Can Victims Actually Recover?

US authorities have reported major cryptocurrency restraints and scam website seizures, but court records highlight the challenges of returning funds to victims (Credit: The White House/YouTube)

President Donald Trump highlighted his administration's crackdown on overseas cryptocurrency investment scams at a White House event on Wednesday, 21 October. Officials pointed to cryptocurrency restraints and website takedowns, but those enforcement figures do not establish how much money has ultimately reached victims.

Trump entered the East Room at 2:50 pm, according to a White House press pool report. Officials attending included Homeland Security Secretary Markwayne Mullin, FBI Director Kash Patel, Defence Secretary Pete Hegseth and Attorney General Todd Blanche.

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