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Trump to Highlight Crypto-Fueled Criminal Operations at Cybercrime Event
President Donald Trump is planning to host a cybercrime event at the White House to focus on his administration's efforts against overseas crypto-fueled criminal operations. The event will highlight the administration's strategies to disrupt and seize funds from these operations, which have stolen tens of billions from U.S. citizens through scams such as relationship scams, phishing campaigns, and ransomware attacks. The administration has halted about $833 million in crypto and seized 503 fraudulent crypto websites under the Homeland Security Task Force. Additionally, the U.S. has issued sanctions to combat these attacks, including targeting a Scam Center Strike Force that has shut down 9,000 U.S. citizens who are victims of these scams.