Crypto Market Today: Bitcoin Near $65K as DOJ Targets $1.2B in Stolen Binance Crypto - Altcoin Buzz

The Department of Justice announced on November 13, 2026, that it has obtained court approval to seize or freeze more than $1.2 billion in cryptocurrency stolen from Binance. The agency attributes the theft to North Korean military hackers operating under the name 'TraderTraitor'. This action follows a major security breach that occurred on or about October 29, 2026, when more than $6 billion was taken from the exchange.

According to the DOJ, government and private-sector efforts have already successfully frozen more than $2.7 billion of the stolen assets. The term 'restraint' in this context means the funds are frozen in their current location and cannot be moved, rather than being physically seized.

FaceStealer Scam Disrupted

Separately, the DOJ announced it had disrupted another criminal operation called FaceStealer, which specialized in identity impersonation and social engineering scams. Over an 18-month period, this scheme stole more than $400 million in cryptocurrency by tricking victims into handing over access credentials.

Under a federal warrant, the FBI seized over 900 webcam videos of FaceStealer victims and confiscated the cloud infrastructure used to carry out the scam. The department emphasized that such schemes rely on manipulating individuals rather than technical vulnerabilities.

Market Turmoil Amid ETF Outflows

As the DOJ announced its actions, Bitcoin was trading near $65,000 on November 14, 2026, its lowest level since the summer. The cryptocurrency lost more than 5% in 24 hours and nearly 14% over the previous week, sitting almost 49% below its record high of approximately $126,000 set in October 2025.

The price decline coincided with significant outflows from exchange-traded funds (ETFs). US crypto ETFs holding Bitcoin, Ethereum, Solana, Hyperliquid, and Zcash recorded $1.53 billion in net outflows during the week of November 9-13. Bitcoin funds accounted for $1.065 billion of these outflows, while Ethereum funds lost $398.9 million despite a small net inflow on Friday.

Upcoming Market Events

Two significant events are now on the horizon for the cryptocurrency market. The XRP Ledger's Testnet and Devnet are scheduled for a reset on November 25, 2026, aimed at improving full history server stability. This reset will delete all ledger data on these test networks, though the main network carrying real XRP will remain unaffected.

Additionally, Strategy's shares, recorded as 'STRATEGY A,' will be removed from the MSCI USA Index after the close on November 30, 2026. The stock will also be dropped from broader indexes including the MSCI World and MSCI All Country World indexes. This removal will trigger rebalancing by index funds that track these benchmarks.

Market analysts note that Bitcoin's weekend low of $65,000 and XRP falling below the $1 mark represent critical technical levels that could determine the market's direction in the near term.