The U.S. government moves $33 million in cryptocurrency seized from FTX

The U.S. government has transferred approximately $33 million in cryptocurrency seized from the FTX exchange amid an investigation into fraudulent activities related to this exchange, which has become a focal point for law enforcement agencies. To date, U.S. regulators have recovered a total of $31.92 billion from 25 different settlements in the cryptocurrency sector since 2019, with FTX contributing significantly through large settlement and seizure amounts.

In 2024, the U.S. administration continues to recover more funds from lawsuits and settlements, with FTX having to pay substantial compensation and asset seizures. The founder of FTX, Sam Bankman-Fried, is currently serving a 25-year prison sentence and faces a series of charges related to fraud and corruption. Law enforcement agencies will continue to monitor and handle the seized assets related to the FTX fraud.