DOJ Files Lawsuit to Seize $160M in FTX-Linked Crypto on Binance, Including $85M in SOL

Nov 13, 2024, 05:28 AM

The U.S. Department of Justice (DOJ) has filed a civil forfeiture lawsuit to seize $160 million in crypto assets linked to the collapsed FTX exchange. The assets, held on Binance, include $85 million in Solana (SOL) and other cryptocurrencies such as ICP, AVAX, XRP, and ADA. This legal action comes a year after Sam Bankman-Fried was convicted of masterminding a massive fraud related to FTX. The lawsuit underscores the ongoing efforts by U.S. authorities to track and recover funds tied to the fraudulent activities of FTX.