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DOJ targets $16 million in Binance account tied to Sam Bankman-Fried foreign bribery case

  • The US Department of Justice (DOJ) has filed a civil forfeiture complaint to seize approximately $16 million in assets from a Binance account connected to an FTX bribery case.
  • Former FTX CEO Sam Bankman-Fried allegedly approved a $40 million bribe to Chinese officials in order to unfreeze crypto trading accounts held by Alameda Research.
  • The DOJ filing is part of the ongoing effort to recover over $3 billion in assets linked to FTX-related criminal activity.
  • FTX has initiated several lawsuits to accelerate its fund recovery mission and has targeted Binance, Changpeng Zhao, Waves founder Aleksandr Ivanov, and others.

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