FBI seizes $1.2 billion in cryptocurrency linked to binance theft - İlke Haber Ajansı
The FBI has seized $1.2 billion in cryptocurrency stolen during last month's cyberattack on Binance, the world's largest crypto exchange.
The US Federal Bureau of Investigation announced the seizure of over $1.2 billion worth of cryptocurrency stolen during October's cyberattack on Binance. This represents a significant recovery from the approximately $6.3 billion in digital assets stolen during one of the largest cryptocurrency thefts ever recorded.
US authorities have attributed the attack to TraderTraitor, a hacking group linked to North Korea. Joint efforts involving federal agencies and private-sector partners have resulted in freezing more than $2.7 billion in stolen digital assets.
Legal proceedings ongoing
The US Department of Justice obtained court authorization to seize or restrict the movement of the recovered assets. Under US law, these digital assets remain subject to judicial forfeiture proceedings, with courts determining ownership after considering legal claims.
North Korean cyber campaigns
In a separate statement, the FBI accused North Korea of another cyber campaign called 'FaceStealer,' which resulted in approximately $400 million in cryptocurrency thefts over the past 18 months. The operation used sophisticated social engineering techniques, including compromised messaging applications and deepfake videos.
US officials have repeatedly accused North Korea of conducting cyberattacks to generate revenue for the government, alleging that proceeds from such operations are used to support the country's weapons programmes.
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