{"id":2606,"date":"2024-11-13T15:30:58","date_gmt":"2024-11-13T15:30:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2606"},"modified":"2024-11-13T15:30:58","modified_gmt":"2024-11-13T15:30:58","slug":"department-of-justice-seeks-to-seize-16-million-in-crypto-assets-tied-to-ftx-bribery-case","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2606","title":{"rendered":"Department Of Justice Seeks To Seize $16 Million In Crypto Assets Tied To FTX Bribery Case"},"content":{"rendered":"<div>\n<p>The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint to <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41873479\/after-anthony-scaramucci-ftx-sues-binance-and-ex-ceo-changpeng-cz-zhao-to-reclaim-1-8b-amid-bankruptcy-tussle\">seize approximately $16 million<\/a> in cryptocurrency held in a <strong>Binance <\/strong>account.<\/p>\n<p><strong>What Happened: <\/strong>This <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.631459\/gov.uscourts.nysd.631459.1.0.pdf\">action<\/a> follows a year-long investigation into funds allegedly linked to bribes authorized by <strong>Sam Bankman-Fried<\/strong>, former CEO of the defunct crypto exchange FTX.<\/p>\n<p>Court documents detail that the funds in question include tokens such as <strong>Internet Computer<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">ICP<\/a>), <strong>Avalanche <\/strong>(AVAX), <strong>Ripple <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/xrp\/usd\">XRP<\/a>), <strong>Cardano<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/ada\/usd\">ADA<\/a>) and <strong>Solana <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/sol\/usd\">SOL<\/a>), all believed to stem from illicit transactions.<\/p>\n<p>Notably, over half of the holdings, valued at $8.5 million, are in Solana, which has risen in value alongside the recent crypto market recovery, bringing the account\u2019s total value to $16 million.<\/p>\n<p>The origins of this case trace back to November 2021, when Bankman-Fried allegedly directed a $40 million (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDT<\/a>) payment from <strong>Alameda Research<\/strong> wallets to bribe Chinese officials &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41943177\/department-of-justice-seeks-to-seize-16-million-in-crypto-assets-tied-to-ftx-bribery-case\" alt=\"Department\" of justice seeks to seize million in crypto assets tied ftx bribery case>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint to seize approximately $16 million in cryptocurrency held in a Binance account. What Happened: This action follows a year-long investigation into funds allegedly linked to bribes authorized by Sam Bankman-Fried, former CEO of the defunct crypto exchange FTX. Court documents detail that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2606","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2606"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2606\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}