US Attorney Justice Department Announces Anticipated Distribution of at Least $940M to Victims of State Sponsored Terrorism in 2025

[newsBot]

Press Release: U.S. Attorney’s Office, District of Maryland

Today, Special Master Mary Patrice Brown announced that she will authorize fifth-round payments for all eligible claims in the U.S. Victims of State Sponsored Terrorism Fund (the Fund) by Jan. 1, 2025. The Fund, which continues to collect deposits, anticipates that the fifth distribution will be at least $940 million. The amounts available for this distribution come from qualifying federal enforcement actions, including United States v. Binance Holdings Limited.

The above is only an excerpt of the article.

[ Read the rest of the article here. ]

 

[Clem72]

Press Release: U.S. Attorney’s Office, District of Maryland

Today, Special Master Mary Patrice Brown announced that she will authorize fifth-round payments for all eligible claims in the U.S. Victims of State Sponsored Terrorism Fund (the Fund) by Jan. 1, 2025. The Fund, which continues to collect deposits, anticipates that the fifth distribution will be at least $940 million. The amounts available for this distribution come from qualifying federal enforcement actions, including United States v. Binance Holdings Limited.

The above is only an excerpt of the article.

[ Read the rest of the article here. ]

Does anyone have a good read on what this program does, who it pays out to? Because all this press release says is that they confiscated almost $900 from a crypto-coin company because that company "failed to put safeguards in place to keep users from sending money to terrorist sponsoring countries like Iran". No indication that the service was used for this purpose or was created with the intent to use for this purpose. Sounds like a shakedown to me.