Department of Justice
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US moves to seize $1.2 billion in crypto stolen in North Korea-linked Binance hack
The US Department of Justice has secured court authorisation targeting more than $1.2 billion of crypto stolen from Binance, which it attributes to North Korea-linked hackers. Around $2.7 billion in related funds has been frozen by Tether, Ripple, Circle, World Liberty Financial and Arbitrum, and the DOJ also seized cloud infrastructure and 900 webcam videos tied to the separate FaceStealer scheme, which reportedly stole over $400 million in 18 months. North Korea has denied any involvement, with Kim Yo Jong calling the allegations a political provocation.
US government sues Arkansas to block state case against Kalshi prediction market
The Department of Justice and the CFTC filed suit on Nov. 12 in the US District Court for the Eastern District of Arkansas, asking a judge to block Arkansas's Deceptive Trade Practices Act case against Kalshi. The federal complaint argues Kalshi's sports event contracts are swaps under the Commodity Exchange Act, placing them under exclusive CFTC jurisdiction. It notes that courts in Arizona, Illinois and Minnesota have already issued preliminary injunctions favouring the federal side.