U.S. obtains court approval to seize, restrain over US$1.2 bln stolen in N.K. Binance theft - Yonhap News Agency
The U.S. Justice Department has obtained court authorization to seize or restrain over $1.2 billion in cryptocurrency stolen by North Korean hackers from Binance last month.
The $1.2 billion subject to court-authorized seizure is part of more than $2.7 billion in assets frozen by U.S. authorities and private-sector partners following the theft of over $6 billion in virtual assets from Binance.
Ongoing Investigation
The hackers, identified by the FBI as a group called TraderTraitor, continue to launder the stolen assets through cryptocurrency bridges, mixers and exchanges while U.S. authorities work to trace and recover the funds.
Broader Threat
The FBI, in coordination with the U.S. Secret Service and the Internal Revenue Service, issued a cyber alert attributing the Binance theft to North Korea and urging virtual asset service providers to block transactions involving the stolen funds.
Separately, the department announced disrupting a North Korean hacking campaign known as FaceStealer, which used deepfake videos and fraudulent online meetings to steal more than $400 million in cryptocurrency over the past 18 months.
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