Feds seize $700 million from FTX founder, Sam Bankman-Fried
The Federal Government recently made a significant seizure of assets from FTX, a cryptocurrency trading platform. According to the Department of Justice (DOJ), approximately $700 million worth of crypto assets was taken in the operation. This is believed to be one of the largest seizures ever conducted by federal authorities about digital currency.
The DOJ believes that these funds were obtained through fraudulent activities and have been linked with an international criminal organization known as “OneCoin” which has allegedly defrauded investors out of billions worldwide. The government’s action follows several other high-profile cases involving similar schemes, such as those related to BitMEX and Binance exchange platforms earlier this year.
This seizure serves as a reminder that law enforcement agencies are actively monitoring transactions within the crypto space for any signs of illegal activity or fraud and will take swift action when necessary. It also demonstrates their commitment to protecting consumers from financial scams and ensuring justice is served appropriately for those who perpetrateRead more at news.yahoo.com