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US President Donald Trump's futuristic "Golden Dome" missile defence system will cost about $1.2 ​tn (£882bn) to develop, deploy and operate over two decades, the nonpartisan Congressional Budget Office estimates.
That figure is significantly higher than the initial sum of $175bn (£129bn) that had been earmarked.
And the system designed to shield the US against ballistic and cruise missiles might not even work. The new CBO report warned the Golden Dome could be vulnerable to a full-scale attack by Russia or China.
Acquisition costs alone would be ⁠over $1tn, including for the interceptor layers and a space-based missile warning and tracking system, the fiscal scorekeeper said in a new report.
Just days after returning to the White House in January, Trump unveiled plans for the system, aimed at countering "next-generation" aerial threats.
A week into his second term, Trump ordered the defence department to submit plans for a system that would deter and defend against aerial attacks, which the White House said at the time remain "the most catastrophic threat" facing the US.
Trump said the system would consist of "next-generation" technologies across land, sea and space, including space-based sensors and interceptors.
The system would be "capable even of intercepting missiles launched from the other side of the world, or launched from space", the president said last year.
SpaceX and Lockheed Martin last month won contracts worth up to $3.2bn to develop space-based missile interceptor prototypes for the system.
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While the launch of Libra, the meme coin shared by Argentine President Javier Milei on social media, and its disastrous debut may seem like old news to some, the court cases seeking to determine responsibilities are ongoing.A recent decision in a separate case involving a social media response to another user could change how the Argentine justice system addresses Milei’s involvement with Libra. Andrés Gil, the attorney for Ian Moche, an eight-year-old child with autism who has asked Milei to remove insulting posts about him, reported that a judge ruled that any posts made by Milei on X should be considered statements from the President rather than personal remarks.
Gil stated that federal courts should manage the case, given that “President Javier Milei used the account on X with a gray check mark reserved, according to the regulations of the social network, for Individuals of the national government: Heads of State (presidents, monarchs and prime ministers) and their deputies and spouses.”
Milei and his administration have claimed that, as the promotion of Libra was made as an individual rather than as a head of state, it would not enable any kind of political action against him. Nonetheless, this might change with this new ruling.
In May, millions of dollars linked to the Libra case were blocked, and the investigations and court cases, both in Argentina and the U.S., are still open.
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A U.S. federal court has sentenced a California man to 6 1/2 years in prison for his role in a social engineering conspiracy that authorities say stole more than $250 million in cryptocurrency.
Marlon Ferro, 20, of Santa Ana, was also ordered by U.S. District Judge Colleen Kollar-Kotelly to serve three years of supervised release and pay $2.5 million in restitution. Ferro, known by the online alias “GothFerrari,” pleaded guilty in October to conspiracy to participate in a racketeering-influenced and corrupt organization (RICO).
In a statement, U.S. Attorney Jeanine Ferris Pirro described Ferro as the “instrument of last resort” for a criminal enterprise that spanned the United States and several foreign countries.
When his co-conspirators couldn’t deceive victims into handing over access to their cryptocurrency or hack their way into digital accounts, they turned to Ferro to break into homes and steal hardware wallets outright,” Pirro said.
According to court documents, the enterprise operated between late 2023 and early 2025, employing specialists for database hacking, money laundering, and residential burglary. Conspirators used the stolen funds to finance a lavish lifestyle, including $500,000 nights at nightclubs, private jets, exotic cars valued up to $3.8 million, and luxury handbags used as party favors.
Federal investigators detailed Ferro’s specific role in two high-profile thefts. In February 2024, Ferro broke into a home in Winnsboro, Texas, and stole a hardware wallet containing 100 bitcoin, valued at more than $5 million at the time.
In July 2024, Ferro traveled to New Mexico, where he used a hidden cellphone to monitor a victim’s movements. After co-conspirators tracked the victim’s location via a compromised iCloud account, Ferro smashed a window with a brick to search for hardware wallets. He was caught on the home’s surveillance system.
Beyond the burglaries, Ferro acted as a primary money launderer. Using fraudulent identification, he opened digital payment accounts that allowed the group to spend stolen assets at retail stores and nightclubs. Investigators say he also used illicit funds to pay legal fees for the conspiracy’s leader following an arrest in September 2024.
Ferro was arrested on May 13, 2025. At the time of his arrest, he was in possession of two firearms and forged identification documents. The case was investigated by the Federal Bureau of Investigation (FBI) and IRS Criminal Investigation units in Washington, with support from field offices in Los Angeles and Miami.
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