Waves

Internet Computer

Million

Coin

<ul class="wp-block-list news-points">
 <li>The DOJ is initiating a civil forfeiture procedure against Binance.</li>
 <li>Former FTX CEO deposited about $16 million on the Binance exchange.</li>
 <li>The deposited funds were linked to bribery by Sam Bankman-Fried.</li>
</ul>
The FTX bankruptcy case took a new turn, with the US Department of Justice (DOJ) initiating a civil forfeiture procedure against Binance exchange.
According to reports, the DOJ aims to retrieve approximately $16 million held in a Binance account as part of investigation. The alleged funds are presumably linked to bribes authorized by Sam Bankman-Fried, the former CEO of the defunct FTX crypto exchange.
After a year-long investigation, the DOJ found FTX deposits in these cryptocurrencies on Binance: Internet Computer (ICP), Avalanche (AVAX), Ripple (XRP), Cardano (ADA), and Solana (SOL).
Read also: <a href="https://coinedition.com/ftx-sues-binance-and-cz-for-1-8-billion-alameda-research-targets-waves-founder/" rel="noopener noreferrer nofollow">FTX Sues Binance and CZ for $1.8 Billion; Alameda Research Targets Waves Founder</a>
Notably, Solana makes up over half of the total value under investigation—$8.5 million. The value of these cryptocurrencies has increased since they were deposited because the crypto market has been rising recently. … 
The post <a href="https://coinedition.com/binance-caught-in-ftx-crossfire-us-department-of-justice-to-seize-16-million-in-crypto/" rel="noopener noreferrer nofollow">Binance Caught in FTX Crossfire: US Department of Justice to Seize $16 Million in Crypto</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Binance Caught in FTX Crossfire: US Department of Justice to Seize $16 Million in Crypto

Coin Edition

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