How Did US Authorities Recover $1.2 Billion In Stolen Binance Cryptocurrency - tippinsights
The US Department of Justice secured court approval to seize or freeze more than $1.2 billion in cryptocurrency stolen from Binance in a major cyberattack last month.
The October 29 breach resulted in losses exceeding $6 billion and has been attributed by the FBI to North Korean military-linked hackers known as TraderTraitor.
US officials accused North Korea of using cryptocurrency theft to finance its regime and weapons programme.
The FBI said Thursday that it had seized more than $1.2 billion of cryptocurrency reported stolen last month from Binance, the world's largest crypto exchange.
Separate cybercrime operation
The DOJ also disrupted cloud infrastructure linked to FaceStealer, a separate cybercrime operation that allegedly stole more than $400 million over 18 months.
The scheme used AI-generated deepfakes and fake video meetings to trick victims into installing malware and surrendering access to their accounts.
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