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#cryptocurrency asset forfeiture

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US Courts Target $1.2 Billion in Stolen Binance Funds, but Victims Face a New Hurdle
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US Courts Target $1.2 Billion in Stolen Binance Funds, but Victims Face a New Hurdle

Key Highlights: DOJ says more than $6 billion stolen on or about Oct. 29 was linked to North Korean military actors known as TraderTraitor. The larger figure represents the total frozen amount, while the smaller figure covers assets for which DOJ reports β€œseize or restrain” authority. Binance has pledged to absorb the financial impact of ...

UK Court Ruling Boosts Government Hopes of Keeping $5 Billion in Seized Bitcoin
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UK Court Ruling Boosts Government Hopes of Keeping $5 Billion in Seized Bitcoin

Key Highlights: The London High Court ruled that victims of a massive Chinese Ponzi scheme cannot use English law to claim 61,000 seized bitcoin worth approximately Β£3.8 billion ($5 billion). Mr Justice Mark Turner determined that Chinese law must govern the property claims because the underlying fraud took place entirely within China. The decision significantly ...