US seeks to seize $1.2B in Binance crypto tied to North Korea
Image: Bitcoin.com NewsThe US Department of Justice obtained court authorization to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance. Government and private-sector efforts have frozen more than $2.7 billion. The FBI attributes the theft of more than $6 billion to North Korean military hackers it calls TraderTraitor. Authorities also seized cloud infrastructure used in the FaceStealer scheme, which stole more than $400 million over 18 months and targeted crypto and Web3 workers with deepfakes and recordings.
Key points
- The US Department of Justice obtained court authorization to seize or restrain more than $1.2 billion in crypto stolen from Binance.
- Government and private-sector efforts have frozen more than $2.7 billion tied to the Binance theft.
- FaceStealer used deepfakes and recordings to target people in the crypto and Web3 sectors.
Why it matters
The case shows US authorities can freeze and seek forfeiture of large amounts of stolen crypto. It also highlights deepfake and recording risks for crypto and Web3 workers.
Sources · 2 publishers
The Daily Hodl
Tier 2
US Moves To Seize Or Restrain Over $1,200,000,000 Stolen in Binance Hack, Shuts Down North Korea-Linked FaceStealer Scam That Took $400,000,000
Coverage timeline
- First reported by Bitcoin.com News
- Also reported by The Daily Hodl
- 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
