Court Order Lets DOJ Lock Up $1.2 Billion of North Korea’s Stolen Binance Crypto
By Unchained
AI summary of the source article
The U.S. Department of Justice obtained court authorization to seize or restrain over $1.2 billion of cryptocurrency stolen from Binance by North Korean hackers. The group stole more than $6 billion in virtual assets on or about October 29.
Why it matters
Assistant Attorney General A. Tysen Duva stated that the Criminal Division acted to “immediately halt about half of this historic breach.”
Key facts
- North Korean military hackers stole over $6 billion in virtual assets from Binance on or about October 29.
- The DOJ received court approval to seize or restrain more than $1.2 billion of the stolen crypto.
- Combined government and private-sector efforts have frozen over $2.7 billion of the stolen assets.
Source excerpt · Unchained
The Justice Department also said the FBI took down servers behind "FaceStealer," a video-call hacking scheme it ties to more than $400 million in crypto theft. The post Court Order Lets DOJ Lock Up $1.2 Billion of North Korea’s Stolen Binance Crypto appeared first on Unchained .