Key facts
- Americans lost over $20 billion to cybercrime in 2025.
- $1 billion in "cybercurrency" tied to foreign scammers was frozen.
- $1.6 billion in losses were prevented in 2025.
- Neither Trump nor Attorney General Todd Blanche used the term "cryptocurrency" or "digital assets".
President Donald Trump hosted a cybercrime roundtable at the White House on Wednesday, highlighting that Americans lost over $20 billion in 2025 to various scams. Federal officials announced they had frozen $1 billion in "cybercurrency" linked to foreign scammers and prevented an additional $1.6 billion in losses following a March executive order. Notably, neither President Trump nor Attorney General Todd Blanche used the terms "cryptocurrency" or "digital assets" during the event, opting instead for the dated term "cybercurrency" or "digital extortion." The FBI reported that Americans lost $11 billion specifically from digital asset scams in 2025. The event occurred amid scrutiny of Trump and his administration regarding their involvement with digital assets.