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M SHAH ZAIN
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U.S JUSTICE DEPARTMENT RECONSIDERS PAYMENT METHODS FOR DIGITAL ASSET VICTIMS! The U.S. Department of Justice (DOJ) is reconsidering how to return assets to victims in crypto crime cases, particularly in light of high-profile bankruptcy cases like FTX. Currently, victims receive payments based on the market value of their assets at the time they were lost, which has sparked criticism due to cryptocurrency's volatility. Key Issues: Fixed-Date Payments: Payments are calculated based on the asset's value at the time of loss, which may not reflect current market prices. Volatility Concerns: Cryptocurrency prices can fluctuate rapidly, resulting in potential losses or gains for victims depending on when payments are made. Proposed Solution: Some argue that judges should have more discretion in determining payment amounts to ensure fairness. Implications: Victim Satisfaction: The current approach has led to dissatisfaction among victims, particularly those who may miss out on potential gains due to market fluctuations. Regulatory Clarity: The DOJ's reevaluation may lead to clearer guidelines and more equitable treatment for victims of digital asset crimes.#BinanceLaunchpoolINIT #USGovernment
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