DOJ moves to seize $1.2B from Binance hack, disrupts FaceStealer scam
Authorities froze over $2.7 billion in Binance hack proceeds, while the separate FaceStealer scam stole over $400 million in 18 months.
The US Department of Justice said Thursday it had obtained court authorization to seize or restrain more than $1.2 billion of the $6.3 billion in cryptocurrency stolen from Binance.
The authorization covers part of the more than $2.7 billion in stolen assets that US authorities and private-sector partners have frozen since the Oct. 29 hack. Investigators are still working to recover additional funds, the department said in its announcement.
The FBI attributed the Binance hack to North Korea’s TraderTraitor group in a cyber alert. Kim Yo Jong, the sister of North Korean leader Kim Jong Un, denied North Korea’s involvement.
