There’s a new development in the Binance stolen funds case: more than $2.7 billion has been frozen, and a court has authorized the seizure or restriction of another $1.2 billion. Can these two amounts be added together?
No. On November 12, the U.S. Department of Justice said that the government and private-sector partners had frozen more than $2.7 billion in stolen assets. Of that amount, the Department of Justice had obtained court authorization to seize or restrict more than $1.2 billion.
Pay attention to the words “of that amount”: the $1.2 billion is part of the frozen assets, so the two amounts should not be added together. Freezing restricts the movement of assets, while court-authorized seizure or restriction puts them into the legal process for disposition. These developments also do not mean the funds have already been returned.
Previously reported frozen amounts may come from different agencies, reporting dates, and valuation methods. Before comparing figures, check when they were published, which assets they cover, and whether one amount is included in another. For updates on subsequent proceedings, refer to official announcements.
If you receive a private message asking you to register for a “stolen funds refund,” don’t open the link directly, and never share your recovery phrase or verification code. To verify a notice, go to official channels yourself.
#Binance #CryptoSecurity #AssetSecurity
No. On November 12, the U.S. Department of Justice said that the government and private-sector partners had frozen more than $2.7 billion in stolen assets. Of that amount, the Department of Justice had obtained court authorization to seize or restrict more than $1.2 billion.
Pay attention to the words “of that amount”: the $1.2 billion is part of the frozen assets, so the two amounts should not be added together. Freezing restricts the movement of assets, while court-authorized seizure or restriction puts them into the legal process for disposition. These developments also do not mean the funds have already been returned.
Previously reported frozen amounts may come from different agencies, reporting dates, and valuation methods. Before comparing figures, check when they were published, which assets they cover, and whether one amount is included in another. For updates on subsequent proceedings, refer to official announcements.
If you receive a private message asking you to register for a “stolen funds refund,” don’t open the link directly, and never share your recovery phrase or verification code. To verify a notice, go to official channels yourself.
#Binance #CryptoSecurity #AssetSecurity
