A crypto donor who thought they were supporting Donald Trump’s January inauguration ended up losing over $250,000 to a well-disguised phishing scam. The fraud was pulled off using a fake email that looked nearly identical to a real address from the Trump-Vance Inaugural Committee. The fake Trump inauguration message looked nearly identical to real fundraising emails, with only a small typo in the domain name. With just a single character altered, the message passed as legitimate, leading the donor to send $250,300 in USDT.ETH directly to the scammer.
How the Scam Worked
The attack was subtle and precise. Scammers swapped one lowercase letter in the domain name, replacing an “i” with a lowercase “L.” This small change fooled the victim into thinking the message had come from Steve Witkoff, a real co-chair of the committee.
No he didn’t scam Trump
He diverted funds meant for Trump’s inauguration through Business Email Compromise. So in other words the organisation meant to fund the inauguration was scammed https://t.co/FCDTHqVdzR— Jeje
(@JejemeyAy) July 4, 2025
(@JejemeyAy) Once the money was sent on December 26, 2024, it moved fast through various crypto wallets, making it harder to track.
Tracing the Trail Back to Nigeria
Thanks to blockchain tracing, investigators were able to follow the money. The crypto was routed through several wallets, eventually hitting an account on Binance registered in Nigeria. That account, under the name Ehiremen Aigbokhan, had no prior history.
It only came to life when the stolen funds arrived. Authorities were able to freeze around $40,300 in one of the wallets and filed a civil forfeiture complaint in hopes of recovering it.
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Warning Signs and a Message from Authorities
After the incident, Washington officials issued strong warnings. U.S. Attorney Jeanine Ferris Pirro warned the public that recovering stolen crypto usually requires a long and complex investigation.
FBI Assistant Director Steven Jensen added that these kinds of email impersonation scams are becoming more common, especially around political events and fundraising pushes. The advice was simple but serious: check everything before sending money, especially large crypto transfers.
How the Agencies Responded
Law enforcement contacted Tether and Binance, and both companies responded quickly. Working with U.S. agencies, they froze the flagged accounts before more funds could disappear. The Department of Justice highlighted this case as an example of what’s possible when crypto companies cooperate fast.
Still, with only a portion of the stolen money recovered, it shows just how difficult it is to fully undo the damage once a scam like this is in motion. Federal investigators have launched a probe into the fake Trump inauguration scam after tracing funds to a Binance account in Nigeria.
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Why It Matters
This was not your typical scam targeting careless traders or random token buyers. It was a sophisticated, politically-themed attack aimed at someone trying to contribute to a presidential event. As political donations increasingly move into crypto, the stakes are getting higher. Bad actors are adapting and becoming more precise with their tricks. Add in evolving tech like AI-generated messages, and the risks only grow.
Final Takeaway
A six-figure crypto gift turned into a costly lesson because of one fake email. Authorities froze some of the funds, but most of the money remains out of reach. The case is a reminder that trust alone is not enough. The fake Trump inauguration email scam shows how bad actors can use political events to target crypto donors.
You need to verify every small detail when crypto is involved, since one wrong character in an email can change everything.
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Key Takeaways
- A donor lost $250,300 in USDT.ETH after falling for a phishing scam that impersonated the Trump-Vance Inaugural Committee using a nearly identical email address.
- The scam hinged on a single-character domain swap—replacing an “i” with a lowercase “L”—which tricked the victim into believing the request was legitimate.
- Blockchain analysts traced the funds through multiple wallets before they landed in a Binance account registered in Nigeria under a newly created Identity.
- Authorities froze roughly $40,000 in stolen funds, but most of the money remains unrecovered, highlighting how difficult crypto fund recovery can be.
- Officials warn that phishing scams tied to political fundraising are growing more common, urging donors to verify details before sending crypto.
The post Donor Tricked Out of $250,000 in Crypto by Fake Trump Inauguration Email Scam appeared first on 99Bitcoins.
