Story 5 of 9 · Web3 · 14 November 2026, 09:15 IST
FBI Says US Seized $1.2B of Crypto Stolen From Binance
By Product Growth AI · 14 November 2026, 09:15 IST
Picture: ET Tech · see the original ↗
The FBI says the US has seized $1.2 billion worth of cryptocurrency stolen from Binance. In such cases, the US government typically files a claim of forfeiture with a judge. The judge then determines who has a legitimate claim to the recovered funds.
$1.2 billion The FBI says the US has seized $1.2 billion worth of cryptocurrency stolen from Binance. What it means for builders. Seizure is not the same as return, and who gets recovered crypto is decided in court. Crypto infrastructure and custody builders in India should follow how the forfeiture process allocates funds, since it shapes how victims and platforms can expect recoveries to work.
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Source: ET Tech ↗
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