US agencies have frozen $938 million in scam-linked crypto over the last 10 months. Americans lost at least $18.2 billion to Southeast Asia-based scams in 2025 alone.
Both figures come from US remarks at a UN fraud meeting in Vienna on Tuesday. The Justice Department's Scam Center Strike Force puts the exact amount restrained at $938,460,156.82. The same remarks say 503 fake websites were seized and about 9,000 Americans were warned in real time. President Trump is set to talk up the crackdown at a White House cybercrime event today.
By our math, $938 million is about 5% of one year's losses, roughly 5 cents for every dollar taken. The two periods don't line up exactly, but the gap is wide either way. Restrained also means frozen, not yet back with victims.
If a platform wants a fee or a "tax" before it lets you withdraw, stop sending money.
#CryptoScams #CryptoSafety
NFA. DYOR.
Both figures come from US remarks at a UN fraud meeting in Vienna on Tuesday. The Justice Department's Scam Center Strike Force puts the exact amount restrained at $938,460,156.82. The same remarks say 503 fake websites were seized and about 9,000 Americans were warned in real time. President Trump is set to talk up the crackdown at a White House cybercrime event today.
By our math, $938 million is about 5% of one year's losses, roughly 5 cents for every dollar taken. The two periods don't line up exactly, but the gap is wide either way. Restrained also means frozen, not yet back with victims.
If a platform wants a fee or a "tax" before it lets you withdraw, stop sending money.
#CryptoScams #CryptoSafety
NFA. DYOR.