TECHSTARTUPS · 2026-11-13 13:51 UTC

U.S. seizes $1.2 billion in crypto stolen from Binance in $6 billion North Korea-linked hack

The U.S. Department of Justice announced on November 12 that authorities have seized or secured court orders to restrain more than $1.2 billion in crypto stolen from Binance, with more than $2.7 billion frozen in total by government and private firms. The DOJ attributes the October 29 Binance breach, roughly $6 billion to $6.3 billion, to TraderTraitor, a North Korean military-linked hacking group. The DOJ says the funds are still moving through exchanges, bridges and mixers, and the government is seeking court action to determine ownership and return the assets.

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