FBI recovers $1.2 billion in cryptocurrency stolen from Binance
Summary
The FBI said it seized more than $1.2 billion in cryptocurrency stolen from Binance in a theft of about $6.3 billion. U.S. authorities and private companies have frozen more than $2.7 billion in stolen funds, and a court authorized the government to seize or restrain more than $1.2 billion. The FBI also attributed a separate cryptocurrency theft scheme involving about $400 million to North Korea.Key Facts
- The FBI said the Binance theft involved about $6.3 billion in cryptocurrency.
- The FBI attributed the Binance theft to a North Korean hacking group known as TraderTraitor.
- U.S. authorities and private companies have frozen more than $2.7 billion of the stolen Binance funds.
- A court authorized the Justice Department to seize or restrain more than $1.2 billion of those funds.
- A judge will determine who has a legitimate claim to funds the U.S. government recovers through forfeiture.
- The FBI blamed North Korea for FaceStealer, a separate scheme officials say stole about $400 million in cryptocurrency over 18 months.
- FaceStealer involves hijacked messaging apps and recorded deepfake videos.
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