In keeping with Arkham Intelligence, the US Authorities has seized over $300 million from three Alameda Analysis accounts on Binance and BinanceUS, in response to Arkham Intelligence. This seizure is a component of a bigger forfeiture motion involving over $700 million of property from FTX and Alameda Analysis.
Particulars of the Seized Funds
The seized funds have been categorized beneath the ‘US Authorities’ entity on Arkham Intelligence’s platform. The breakdown of the seized property is as follows:
$119.3 million in USDT
$102.38 million in BTC and WBTC
$28.35 million in BNB
$26.26 million in ETH and WETH
$13.62 million in BUSD
Context and Background
The seizure occurred in January 2023 as a part of a broader effort to get well property linked to the controversial collapse of FTX and its affiliate, Alameda Analysis. The overall forfeiture motion entails over $700 million in property, indicating the dimensions of the monetary discrepancies and authorized ramifications surrounding these entities.
Implications for the Crypto Market
This seizure by the US Authorities underscores the rising regulatory scrutiny on cryptocurrency exchanges and related entities. It additionally highlights the potential dangers and challenges that may come up within the crypto market, affecting each traders and firms.
Picture supply: Shutterstock
. . .
