US DOJ seizes $1.2B in stolen Binance crypto li... - Pluang
US authorities have obtained court approval to seize or freeze over $1.2 billion in cryptocurrency stolen from Binance, attributed to North Korean military hackers known as TraderTraitor.
The theft occurred around October 29, 2026, with more than $6 billion taken in total; over $2.7 billion of the stolen assets have already been frozen through government and private efforts. Additionally, the DOJ disrupted the FaceStealer scam, which stole $400 million over 18 months.
Market Response
The crypto market shows limited gains among major cryptocurrencies. As of November 15, 2026, only 4 of 50 priced major cryptocurrencies rose while 45 fell. Tezos (XTZ) dropped 9.97%, Avalanche (AVAX) fell 9.64%, and Filecoin (FIL) declined 9.24%.
BNB, the Binance exchange token, dropped below $600 for the first time since August, falling 7.3% in 24 hours to $584 on November 14, 2026. This decline follows a 23% loss since the October 29 Binance hack.
Broader Market Impact
Bitcoin faces selling pressure with large holders selling over 34,000 BTC worth about $2.6 billion recently. This selling coincided with Bitcoin's price dropping from $79,000 to below $73,000, and now it trades around $67,209.
Meanwhile, the XRP Ledger test networks will reset on November 25, and Strategy's shares will be removed from the MSCI USA Index on November 30, affecting index fund compositions. Stellar holds $319 million in tokenized non-US government debt, representing 42% of the blockchain-tracked total.
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