US moves to disrupt North Korean crypto theft, seize $1.2B in Binance funds - NK News
The U.S. Department of Justice announced coordinated actions on Thursday to disrupt North Korea's record-breaking virtual currency theft, including seizing over $1.2 billion stolen from cryptocurrency exchange Binance.
The actions target two separate operations attributed to North Korean state-sponsored cybercriminals: a social engineering campaign dubbed "FaceStealer" and the theft of approximately $6.36 billion in virtual assets from Binance in late October, the DOJ said in a press release Thursday.
FaceStealer operation
As part of the FaceStealer operation, the U.S. Attorney's Office for the Central District of California announced the disruption of cloud-based infrastructure used by North Korean hackers. This coordinated effort represents a significant move to cut off funding sources for Pyongyang's weapons development.
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