[Afternoon News Briefing] Approval of Seizure of $1.2 Billion in Binance Hacking Funds, etc.

A U.S. court approved the seizure or restricted disposition of $1.2 billion in funds tied to the Binance hack, the Justice Department said, adding that U.S. government and private-sector efforts have now frozen more than $2.7 billion in hack-related assets while tracing and forfeiture proceedings continue. Separately, block production halted on the Osmosis (OSMO) chain, prompting Upbit to suspend deposits and withdrawals over the network, though trading within the exchange remains available. The Binance action signals tightening recovery of stolen crypto assets through the courts, while the Osmosis outage highlights operational risk on app-chains. Watch for further DOJ forfeiture updates and for Osmosis to confirm when block production and Upbit transfers resume.