DOJ Cleared to Seize $1.2B Stolen From Binance by North Korea-Linked Hackers
The US Department of Justice won court approval to seize or freeze more than $1.2 billion in crypto stolen from Binance in an October 29 breach that drained over $6 billion. The FBI pins the heist on TraderTraitor, a North Korean military-linked crew. Coordinated government and private efforts have now frozen more than $2.7 billion of the stolen funds.
- 2 sources report it: tippinsights.com, ambcrypto.com.
- The source published it on Nov 13, 2026 at 12:45 PM.
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The DOJ has secured court approval to seize or freeze over $1.2 billion in cryptocurrency lifted from Binance in last month's cyberattack, according to tippinsights. The October 29 breach cost the exchange more than $6 billion, and the FBI has attributed it to North Korean military-linked hackers operating as TraderTraitor.
The takedown is bigger than the court order alone. The DOJ says coordinated work between government agencies and private-sector companies has frozen more than $2.7 billion of the stolen assets. Investigators are still chasing the rest as the hackers try to launder the funds through crypto networks.
Authorities also moved on a second operation. The DOJ disrupted cloud infrastructure tied to FaceStealer, a cybercrime crew accused of stealing more than $400 million over 18 months. Its playbook leaned on AI-generated deepfakes and fake video meetings to talk victims into installing malware and handing over account access.
US officials laid out the motive: they accuse North Korea of using cryptocurrency theft to bankroll its regime and weapons programme. The FBI said Thursday it had seized more than $1.2 billion of the crypto reported stolen from Binance, the world's largest crypto exchange.
TopicsBinance · US Department of Justice · FBI · TraderTraitor · FaceStealer · North Korea
Written by Paparazzi with AI. Not financial advice.
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