U.S. DOJ Seeks to Seize $16M in Crypto Linked to FTX and Sam Bankman-Fried

The post U.S. DOJ Seeks to Seize $16M in Crypto Linked to FTX and Sam Bankman-Fried appeared first on Coinpedia Fintech News

After a year-long investigation, the U.S. Department of Justice is seeking to seize $16 million in crypto assets linked to FTX. The assets, held in a Binance account, are connected to bribes allegedly authorized by Sam Bankman-Fried. The account contains tokens like Solana (SOL), Avalanche (AVAX), and Ripple (XRP), with SOL making up over half of the holdings. These assets have more than doubled in value since their transfer in 2023. This move is part of ongoing efforts to recover FTX-related funds following Bankman-Fried’s conviction.