More than $2.7B from North Korea’s cryptocurrency theft at Binance is frozen

The US Department of Justice has moved against North Korea’s cryptocurrency theft operations, seizing infrastructure behind fake video calls linked to more than $400 million in losses and obtaining court authorization to seize or restrain more than $1.2 billion stolen from Binance. The coordinated actions target two separate campaigns: the FaceStealer social engineering scheme and a multibillion-dollar exchange theft attributed to North Korean military hackers. Key takeaways FaceStealer has stolen more than $400 million over 18 months, the FBI says. Authorities seized cloud infrastructure and over 900 victim webcam recordings. More than $2.7 billion from the separate Binance theft has been frozen. Justice Department targets North Korea’s cryptocurrency theft operations The Justice Department’s actions combine the disruption of FaceStealer’s cloud infrastructure with legal measures against stolen Binance assets.

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