Arkham: US Government Seizes $300M from Alameda Research Accounts

According
to Arkham
Intelligence,
the
US
Government
has
seized
over
$300
million
from
three
Alameda
Research
accounts
on
Binance
and
BinanceUS,
according
to
Arkham
Intelligence.
This
seizure
is
part
of
a
larger
forfeiture
action
involving
over
$700
million
of
assets
from
FTX
and
Alameda
Research.

Details
of
the
Seized
Funds

The
seized
funds
have
been
categorized
under
the ‘US
Government’
entity
on
Arkham
Intelligence’s
platform.
The
breakdown
of
the
seized
assets
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
part
of
a
broader
effort
to
recover
assets
linked
to
the
controversial
collapse
of
FTX
and
its
affiliate,
Alameda
Research.
The
total
forfeiture
action
involves
over
$700
million
in
assets,
indicating
the
scale
of
the
financial
discrepancies
and
legal
ramifications
surrounding
these
entities.

Implications
for
the
Crypto
Market

This
seizure
by
the
US
Government
underscores
the
increasing
regulatory
scrutiny
on
cryptocurrency
exchanges
and
associated
entities.
It
also
highlights
the
potential
risks
and
challenges
that
can
arise
in
the
crypto
market,
affecting
both
investors
and
companies.

Image
source:
Shutterstock

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