The US Department of Justice has filed a civil forfeiture lawsuit seeking to seize nearly $16 million worth of crypto held in a Binance account. The move is the culmination of a years-long investigation into alleged bribery schemes involving FTX founder Sam Bankman-Fried (SBF).

🔍 SBF paid Chinese authorities $40 million in Tether (USDT) in November 2021, aiming to free up Alameda’s $1 billion in frozen crypto assets.

📈 With the recent rally in the crypto market, the value of the assets held in the account has surpassed $16 million.