DOJ Seeks Seizure of $16 Million in FTX-Linked Crypto Following Year-Long Probe

Quick Summary:

Prosecutors are working to recover FTX-related crypto assets that have doubled in value since December 2023.

Details from a court filing reviewed by Decrypt show the tokens in question are allegedly connected to bribes authorized by Sam Bankman-Fried.

The case potentially complicates recovery efforts by law enforcement, given how the assets have more than doubled in value since their initial transfers.

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Article Details

Author / Journalist: Vince Dioquino

Category: Crypto

Markets: EstoniaChina

Topics: Crypto Department of justice Law and Order Ftx U.S. Department of Justice

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 04:04:44 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23564656

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 2 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 17 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #63

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