United States courts authorize seizure of billion dollars in stolen crypto
Image: Bitcoin MagazineUnited States authorities obtained court approval to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance. The Department of Justice announced the action following an exchange breach attributed by the Federal Bureau of Investigation to North Korean hackers. Government and private sector efforts have frozen more than $2.7 billion in total. Binance stated it used company resources to cover the affected assets. Investigators noted that stolen assets were converted primarily into Ether.
Key points
- U.S. authorities obtained court approval to seize or restrain more than $1.2 billion stolen from Binance.
- The FBI attributed the Binance hack to North Korean hackers known as TraderTraitor.
- Binance reported it completed coverage of affected assets using company resources.
Why it matters
Law enforcement actions highlight ongoing efforts to track and interdict stolen digital assets across centralized exchanges and blockchain networks.
Sources · 4 publishers
CoinDesk
Tier 1
North Korea's Binance hack faces U.S. crackdown as DOJ targets $1.2 billion in stolen crypto
Blockonomi
Tier 3
Binance Hack Leads US to Target $1.2 Billion in Stolen Crypto
Bitcoin Magazine
Tier 1
DOJ Wins Court Authority to Seize $1.2 Billion of North Korea’s Stolen Binance Crypto as Freezes Top $2.7 Billion
Coverage timeline
- First reported by The Block
- Also reported by CoinDesk
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
