FBI Says US Has Seized $1.2 Billion Worth of Cryptocurrency Stolen From Binance – WTOP News
The Justice Department said private-sector partners helped freeze more than $2.7 billion in stolen funds as investigators pursue forfeiture.
- On Thursday, the FBI announced the seizure of more than $1.2 billion in stolen cryptocurrency from Binance, the world's largest crypto exchange, following a high-profile investigation into cyber theft.
- The hacking group linked to North Korea, known as TraderTraitor, is attributed by the FBI with stealing about $6.3 billion in the largest crypto heist in history.
- Also Thursday, investigators identified a separate social engineering scheme called FaceStealer, which officials say North Korea used to steal $400 million in cryptocurrency over the last 18 months.
- The Justice Department obtained court authorization to seize the recovered assets as the government and private sector combined to freeze more than $2.7 billion of stolen funds.
- U.S. officials have repeatedly accused North Korea of using cyber schemes to generate funds for its regime, including its illicit weapons program, underscoring the strategic threat.
33 Articles
33 Articles
FBI seizes $1.2 billion in crypto tied to Binance theft
The theft of $6.3 billion from the world’s largest cryptocurrency exchange is regarded as the biggest crypto heist in history. The FBI has previously attributed it to a North Korean hacking group. Here's what to know
Yesterday night, Thursday, the United States Department of Justice announced the implementation of coordinated judicial and security procedures to disrupt electronic piracy operations attributed to North Korea, which were used to steal encrypted currency, generate financial revenues to finance its programs, confirming the confiscation of digital infrastructure used by pirates, and obtain judicial authorization to confiscate or restrict more than…
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 sector have so far combined to freeze more than $…
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