FBI says US has seized $1.2 bil. worth of cryptocurrency stolen from Binance
WASHINGTON — The FBI said Thursday that it had seized more than $1.2 billion of cryptocurrency reported stolen last month from Binance , the world's largest crypto exchange. The theft of about $6.3 billion from Binance is regarded as the biggest crypto heist in history, and the FBI has previously attributed it to a North Korean hacking group known as TraderTraitor. The U.S. government and private…
The FBI announced on Thursday that it had seized over $1.2 billion worth of cryptocurrency stolen from Binance, the world's largest crypto exchange. The theft of approximately $6.3 billion from Binance is considered the largest crypto heist in history. North Korean hacking group TraderTraitor is suspected to be behind this massive theft.
The U.S. government and private sector have frozen more than $2.7 billion of the stolen funds. The Justice Department obtained court authorization to seize or restrain over $1.2 billion of this total. Generally, the U.S. government files a forfeiture claim with a judge, who then determines who has a legitimate claim to the recovered funds.
Further on Thursday, the FBI blamed North Korea for another social engineering scheme that led to the theft of $400 million worth of cryptocurrency over the past 18 months. This scheme, known as FaceStealer, involves a complex combination of tactics, including the hijacking of popular messaging platforms.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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