US wins court authority over $1.2bn in Binance hack funds
The Justice Department has court authority to seize or restrain more than $1.2 billion of crypto stolen from Binance, advancing recovery from a $6 billion hack.
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Crypto protocols, markets and policy
The Justice Department has court authority to seize or restrain more than $1.2 billion of crypto stolen from Binance, advancing recovery from a $6 billion hack.
3 min read
The Justice Department says courts authorized seizure or restraint of more than $1.2 billion within $2.7 billion frozen after the Binance theft, as recovery work continues.
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The Justice Department secured court authority to seize or restrain more than $1.2 billion tied to Binance’s $6 billion hack, while broader freezing efforts top $2.7 billion.
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Grayscale pledged $1 million from ZCSH sponsor fees to Zcash groups and launched an ad campaign as ZEC slid below $1,000 in a broader crypto sell-off.
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An NYSE-affiliated tokenized securities venue will use Avalanche technology for clearing and settlement, with 24/7 trading planned subject to regulatory approval.
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Visa has added Monad for participating issuers and acquirers to settle stablecoins, extending network choice as it develops private settlement for institutions.
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Coinbase's national trust charter took effect Nov. 6, putting its custody operation under OCC oversight while leaving deposits and lending outside its stated scope.
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FinCEN ordered U.S. financial institutions to block transfers involving MEXC, citing at least $16.7 billion in likely illicit activity and links to sanctions evasion.
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