THE BARE STORY
U.S. authorities have received court authorization to seize or restrain more than $1.2 billion in cryptocurrency reported stolen from the Binance digital asset exchange, officials said.
The action follows an Oct. 29 breach in which more than $6 billion in cryptocurrency was stolen, according to U.S. authorities. Officials said government agencies and private-sector participants have frozen more than $2.7 billion connected to the theft.
The FBI and Justice Department attributed the Binance breach to TraderTraitor, which they described as North Korean military-linked actors. The agencies said the group’s activities were intended to support the North Korean government and its illicit weapons programs.
In a separate action, authorities said they disrupted cloud infrastructure associated with FaceStealer, a social-engineering operation that allegedly stole more than $400 million in cryptocurrency over 18 months. The Justice Department said the campaign used compromised accounts and AI-generated deepfake video meetings to persuade targets to install malware.
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