Binance hack: Authorities seize $1.2 billion, $6 billion stolen by North Korean actors

United States authorities have made significant progress in the recovery effort following the Binance hack, confirming that more than $1.2 billion in stolen cryptocurrency has been placed under court-ordered seizure or restraint. This milestone marks a major development in one of the largest thefts in the crypto sector’s history, but questions remain regarding the remaining unrecovered funds. The US Department of Justice reported that, following the attack targeting Binance in October, the total value of frozen cryptocurrency related to the incident now exceeds $2.7 billion. Notably, the $1.2 billion designated for seizure falls within this larger frozen total. These figures are not cumulative, and authorities clarified that neither number should be interpreted as confirmed customer repayments.

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