$FTT The U.S. Department of Justice requests the seizure of $16 million worth of cryptocurrencies associated with FTX

TechFlow News, on November 13, according to Decrypt, after a year of investigation, the U.S. Department of Justice has filed a civil forfeiture lawsuit to seize approximately $16 million worth of cryptocurrencies held in Binance accounts. These tokens are allegedly related to bribes authorized by Sam Bankman-Fried. The value of these assets has more than doubled since the initial transfer, which may complicate law enforcement's pursuit.

The tokens held in the account include Internet Computer (ICP), Avalanche (AVAX), Ripple (XRP), Cardano (ADA), and Solana (SOL), more than half of which are SOL, worth approximately $8.5 million.

The case stems from an incident in November 2021, in which Bankman-Fried allegedly instructed the transfer of $40 million from the Alameda Research wallet to bribe Chinese rights figures. The funds were tracked through multiple private wallets and eventually landed in the Binance deposit wallet.

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