US Department of Justice teams up with stablecoin issuers to freeze $2.7 billion in assets stolen from Binance by North Korean hackers.
Original headline美国司法部联合稳定币发行商冻结涉朝鲜黑客盗取币安的 27 亿美元资产
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The U.S. Department of Justice, working with stablecoin issuers Tether and Circle, has frozen roughly $2.7 billion of the more than $6 billion in crypto assets stolen from Binance on October 29 by North Korean hackers, with court authorization to seize or restrict over $1.2 billion of that total. The theft is the largest crypto heist on record, and the DOJ is still tracing remaining funds moved through cross-chain bridges and mixers. Binance said it covered customer losses with its own funds, while North Korea denies the allegations. Separately, the DOJ is targeting a second North Korean campaign dubbed "FaceStealer," which uses deepfake videos for social engineering and has stolen over $400 million in the past 18 months.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
US Department of Justice, Binance, Circle (CRCL), Tether, North Korea
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