GoKawiilDOJ seizes $1.2 billion of crypto stolen from Binance in October hack
The Department of Justice announced it has seized roughly $1.2 billion in virtual assets tied to a $6 billion theft from Binance on Oct. 29, which it attributes to North Korean military-linked hackers known as 'TraderTraitor.' Combined efforts by the U.S. government and private industry have now frozen more than $2.7 billion of the stolen funds.
GoKawiil's interpretation of the reporting above, not reported fact.
The seizure signals that U.S. authorities and crypto firms can track and recover large sums even after a major theft, which could reassure investors about exchange security. It also underscores DOJ's stated focus on disrupting North Korean cyber operations that the department says help fund the regime, though only part of the stolen total has been recovered so far.
- About $1.2 billion of the $6 billion stolen from Binance has been seized by U.S. authorities.
- More than $2.7 billion total has been frozen through joint government-industry action.
- DOJ attributes the October 29 hack to North Korean military hackers known as 'TraderTraitor.'
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Published there as: “U.S. seizes $1.2 billion in cryptocurrency stolen from Binance”
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