Trump Signs Cybercrime Order as Crypto Theft Makes Up a Third of Losses
Key Insights:
- Crypto theft accounts for about one-third of reported cybercrime losses in the U.S.
- Trump’s order expands cyber operations against foreign criminal organizations.
- Private companies can support government-led efforts to disrupt cybercrime networks.
Crypto theft accounts for about a third of cybercrime losses reported by Americans, according to White House official Patrick Witt. Witt said Americans lost nearly $21 billion to cybercrime last year, marking a 26% increase from the previous year.
The figures come as President Donald Trump signed a National Security Presidential Memorandum targeting foreign criminal organizations involved in cyber-enabled attacks.
The memorandum gives U.S. federal law enforcement greater authority to use cyber tools against transnational criminal organizations operating from outside the country. It also creates a framework for cooperation with private-sector companies that voluntarily participate in government-directed operations.
Crypto Theft Forms Part of Wider Cybercrime Losses
The US Administration’s fact sheet reported that American consumers lost more than $20.8 billion to cyber-enabled crime in 2025.
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