The US Department of Justice (DOJ) filed a civil forfeiture complaint to seize $16 million in assets from a Binance account connected to the FTX bribery case. The account held various digital assets and received daily deposits in stablecoins and Bitcoin. Former FTX CEO Sam Bankman-Fried is alleged to have approved a $40 million bribe to Chinese officials in 2021 to unfreeze Alameda Research’s crypto trading accounts.
Over $3 billion in recovery efforts are underway, with FTX filing lawsuits against multiple parties, including Binance, Changpeng Zhao, and Nawaaz Mohammad Meerun.
