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Crypto

U.S. Justice Department seizes $1.2 billion in cryptocurrency stolen from Binance

U.S. authorities seized about $1.2 billion in cryptocurrency stolen from Binance last month after receiving court approval, CNBC reported on Thursday. Binance was robbed of more than $6 billion on Oct. 29, and the Justice Department pointed to a group linked to the North Korean military. U.S. agencies and private companies jointly froze more than $2.7 billion. Authorities also seized cloud infrastructure called FaceStealer.

Crypto

U.S. freezes $2.7 billion in assets tied to North Korean hackers after Binance hack

The U.S. Justice Department secured court approval to restrict disposal and seize more than $1.2 billion in virtual assets stolen by North Korean hackers from Binance, it said. U.S. authorities froze more than $2.7 billion in assets after tracing funds with virtual asset service providers, though the full amount has not been finally forfeited. The FBI said the TraderTraitor group stole over $6 billion. TRM Labs estimated $6.36 billion.