COINDESK · 2026-11-12 22:56 UTC

North Korea's Binance hack faces U.S. crackdown as DOJ targets $1.2 billion in stolen crypto

The U.S. Department of Justice authorized seizure of $1.2 billion in cryptocurrency stolen in the October 29 attack on Binance, which the FBI attributed to North Korea's 'TraderTraitor' operation. Authorities and private companies have frozen more than $2.7 billion of the more than $6 billion stolen from Binance, and investigators are still tracing funds through bridges, mixers and exchanges. Separately, federal agents seized cloud infrastructure used in the 'FaceStealer' campaign, which the FBI says stole more than $400 million in crypto over 18 months using fake video meetings and malware.

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