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US Seizes $1.2B Stolen Funds

US Seizes $1.2B Stolen Funds

The U.S. Department of Justice obtained court authorization to seize or freeze more than $1.2 billion in cryptocurrency stolen from the Binance platform in an attack it attributed to TraderTraitor, a North Korea-linked group accused of stealing more than $6 billion. The department said the funds targeted are part of more than $2.7 billion frozen in coordination with private companies, while authorities continue tracking assets moved through blockchain bridges and crypto-mixing services. Washington says cryptocurrency thefts help fund North Korea’s weapons program. Separately, the FBI announced that it had dismantled the infrastructure behind a fraud campaign that used fake video calls and malware to steal more than $400 million in digital assets over 18 months.

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