Foreign media: The U.S. Department of Justice requests the seizure of $160 million in cryptocurrency related to FTX on Binance
ChainCatcher news, Cointelegraph disclosed on X that the U.S. Department of Justice has applied to seize $160 million in cryptocurrency from Binance accounts related to FTX, claiming that these funds are connected to the bribery case involving Sam Bankman-Fried.According to Finance feeds, court documents state that Bankman-Fried sent $40 million in Tether to a private wallet on November 16, 2021, as a bribe to Chinese officials. After the account was unfrozen, "tens of millions" in cryptocurrency were used to pay the bribe.Prosecutors claim that since the account was valued at $8.6 million in December 2023, cryptocurrency prices have been rising, and the account currently holds about $18.5 million. The account and its five associated wallets show that Bitcoin and stablecoins are deposited "almost daily," which are then converted into various other cryptocurrencies. These assets include Solana, Cardano, XRP, Internet Computer, and Avalanche.Former Alameda Research CEO Caroline Ellison testified that the total bribe amounted to $150 million. On December 21, 2023, Judge Lewis Kaplan ordered the seizure of the account during Bankman-Fried's trial, in which he was convicted of seven felonies.