Department of Justice Seizes $1.2B in North Korean Crypto Stolen From Binance

The Department of Justice (DOJ) has obtained court authorization to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance by North Korean military hackers. The DOJ aims to freeze the stolen funds related to a $6.3 billion cyberattack and is part of a broader strategy to interfere with cryptocurrency-theft operations. The U.S. government, together with other partners, has frozen more than $2.7 billion of the stolen cryptocurrency since the October 29 cyberattack. The amount frozen by the Department of Justice constitutes almost half of the frozen stolen funds, while investigations to trace the rest of the cryptocurrency are still ongoing. The FBI attributed the attack to TraderTraitor.

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