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The U.S. Department of Justice reviews the compensation rules for crypto asset forfeiture cases
Gate.io News bot, the U.S. Department of Justice (DOJ) issued a memo to initiate a reassessment of the return of confiscated assets in cryptocurrency crime cases, according to Unchained.
The current rules require compensation based on the dollar value at the time the fraud occurred. Taking the FTX bankruptcy case as an example, the price of Bitcoin was $17,500 in November 2022 and has reached $108,000 by January 2025, and creditors can only be compensated at the 2022 price and cannot participate in asset appreciation.
In the memo, the DOJ noted that the current regulations were originally intended to protect victims from the risk of asset depreciation, but that compensation at current prices involves issues such as procedural fairness and market timing. No specific timeline for improvement has been set for this evaluation, and final revisions will require congressional involvement.