Arbitrum

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.