Bitcoin Magazine DOJ Wins Court Authority to Seize $1.2 Billion of North Korea’s Stolen Binance Crypto as Freezes Top $2.7 Billion
The DOJ said Thursday it has court authority to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance, part of a freeze of more than $2.7 billion that officials said halted about half of North Korea’s October exchange heist.
In a Thursday announcement, the department said that on or about Oct. 29, members of the North Korean military, referred to by the FBI as TraderTraitor, stole more than $6 billion worth of virtual assets from Binance. That is below the $6.34 billion figure Binance has covered since the attack.
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