US moves to seize $1.2 billion in crypto stolen in North Korea-linked Binance hack
HACKBinancecoinbrief/daily · 5 sources
- Severity
- High
- Sources
- 5
What happened
The DOJ has secured court authorisation targeting more than $1.2 billion in crypto stolen from Binance, which it attributes to North Korea-linked actors, with reports saying over $6 billion was stolen from Binance overall. About $2.7 billion in related proceeds was frozen by Tether, Ripple, Circle, World Liberty Financial and Arbitrum. The DOJ also disrupted FaceStealer infrastructure, a social engineering scheme reported to have stolen around $400 million over 18 months, and North Korea has denied involvement.
For experienced traders · Written by AI from 5 sources · Wrong?
What to do
- Be wary of video calls that suddenly ask you to download a "fix" file, a tactic reported in the FaceStealer scheme.
- Watch for further court proceedings on the seizure of the $1.2 billion in stolen Binance funds.
Written by AI from the sources, checked against them
Full story timeline · 5 updates
- Thu 12 NovemberNorth Korea's Binance hack faces U.S. crackdown as DOJ targets $1.2 billion in stolen cryptoCoinDesk
- Fri 13 NovemberDOJ moves to seize $1.2B from Binance hack, disrupts FaceStealer scamCointelegraph
- US seizes $1.2 billion frozen after North Korean Binance hackProtos
- Sat 14 NovemberMeta tests prediction-market app, DOJ moves to seize $1.2 billion from Binance hack, and moreThe Block
- Sun 15 NovemberDOJ Secures Court Approval Targeting $1.2B in Stolen Binance CryptoBitcoin.com News
Who reported · 5 outlets
CoinDeskCointelegraphProtosThe BlockBitcoin.com News
Who and what is in it
Government agencies