BLOOMBERG · 2026-11-12 21:41 UTC

US Details $2.7 Billion Freeze After North Korea's Binance Hack

The Justice Department got court authorization to seize or restrain $1.2 billion of the $2.7 billion frozen by Tether and Circle after the Oct. 29 Binance hack, which stole $6.3 billion in digital assets. Investigators are pursuing the rest as the FBI-named TraderTraitor group launders the funds through bridges, mixers and exchanges, which North Korea has denied. The Justice Department also seized cloud infrastructure tied to a separate North Korean operation, FaceStealer, which has stolen more than $400 million in crypto over 18 months.

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