DOJ Seeks Seizure of $16M in Crypto Linked to FTX from Binance After Year-long Investigation – Cryptonews

The Department of Justice (DOJ) is taking steps to seize $16 million in cryptocurrency connected to FTX from Binance after a year-long investigation. The DOJ has identified the funds as being linked to illegal activities and is moving to confiscate them. The investigation has been ongoing for a significant amount of time, and authorities are now taking action to recover the funds. The DOJ’s efforts to seize the cryptocurrency highlight the government’s commitment to cracking down on illicit activities in the crypto space.