<ul><li>The U.S. Department of Justice (DOJ) has registered a civil forfeit lawsuit to recover $16 million worth of crypto assets, assumed to be linked to the controversial crypto exchange, FTX and its founder Sam Bankman-Fried.</li><li>More than half of the assets in the account were held in Solana (SOL), amounting to around $8.5 million. The other cryptocurrencies include Internet Computer (ICP), Avalanche (AVAX), Ripple (XRP), and Cardano (ADA).</li><li>The DOJ claims that suspicious transactions were found within the Binance account, including near-daily stablecoin and Bitcoin deposits, which were converted into other assets employing over-the-counter (OTC) transactions.</li><li>The investigation mentions Binance's role in facilitating transactions linked to illicit activities, although Binance is not directly accused. The funds held in the Binance account have increased in value due to the recovery of the crypto market.</li></ul>

Binance Under DOJ Scrutiny for FTX Related Crypto Holdings

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