The US Department of Justice revealed on November 12 that courts had authorized the seizure or restraint of more than $1.2 billion in funds stolen from Binance. The assets are part of the $2.7 billion frozen through combined US government and private-sector efforts. Final forfeiture and the timing of any return to victims remain unresolved. Binance had promised on November 3 to absorb its losses by setting aside more than 100% of the funds needed to cover them. The department attributes the theft of more than $6 billion around October 29 to North Korean military actors known as TraderTraitor, who continue laundering the funds through cryptocurrency bridges, mixers and exchanges.
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