DOJ Targets $1.2B in Crypto Stolen From Binance
Summary
The US Department of Justice obtained court authorization to seize or restrain more than $1.2 billion in cryptocurrency stolen in the October Binance hack, attributed by the FBI to North Korea-linked group TraderTraitor. The amount is part of more than $2.7 billion already frozen, not an additional recovery; Binance says it covered customer losses. Separately, authorities disrupted FaceStealer infrastructure linked to more than $400 million in crypto theft over 18 months. The campaign used compromised accounts, deepfake video calls and malware, and also targeted open-source software developers. Officials say tracing and recovery efforts continue, while frozen assets have not necessarily been returned to victims.
