DOJ Wins Court Authority to Seize $1.2 Billion of North Korea’s Stolen Binance Crypto as Freezes Top $2.7 Billion

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The U.S. Department of Justice obtained court authority to seize or restrain more than $1.2 billion in cryptocurrency stolen by North Korea from Binance on October 29. The measure is part of a joint freeze exceeding $2.7 billion, covering roughly half of the assets stolen in an attack valued by authorities at more than $6 billion. The frozen funds have not yet been recovered, and final forfeiture will require further legal proceedings as the attackers continue moving them through cryptocurrency bridges, mixers and exchanges. Binance compensated users with company funds, while the FBI separately seized more than 900 videos used in FaceStealer, a deepfake impersonation campaign that stole more than $400 million in cryptocurrency over 18 months.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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