U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, may have defrauded over one million victims globally, prompting the government to seek a public notice procedure to inform them of their rights under the Justice for All Act.
The US Government transferred $33.6M in seized crypto from FTX wallets to undisclosed addresses. Assets include 5,024 ETH and $13.58M in BUSD. These moves raise speculation about transparency and management strategies for seized digital assets amid increasing scrutiny of FTX's collapse.
Following a breach in a US government crypto wallet, a hacker returned $6.1 million in stolen assets, which included millions in stablecoins and ETH.
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