Justice Department authorized to restrict
The U.S. Department of Justice posted a press release on its website
It was published at 4:20 p.m. Eastern Time
It said the court had authorized the seizure or restriction of more than $1.2 billion
in crypto assets recently stolen from Binance
The U.S. government and the private sector
have frozen more than $2.7 billion in total
The release said the theft occurred around late October
Tracing and freezing efforts are ongoing
The assets in exchange accounts have not yet been automatically credited
The recovery process is not over
That is my interpretation
not a news fact
The same release also described a separate social engineering scam
unrelated to these stolen assets
I won't use this incident to change
my view of the $BTC side
The U.S. Department of Justice posted a press release on its website
It was published at 4:20 p.m. Eastern Time
It said the court had authorized the seizure or restriction of more than $1.2 billion
in crypto assets recently stolen from Binance
The U.S. government and the private sector
have frozen more than $2.7 billion in total
The release said the theft occurred around late October
Tracing and freezing efforts are ongoing
The assets in exchange accounts have not yet been automatically credited
The recovery process is not over
That is my interpretation
not a news fact
The same release also described a separate social engineering scam
unrelated to these stolen assets
I won't use this incident to change
my view of the $BTC side
