A post by @WatcherGuru on X.
JUST IN: US Justice Department seizes over $1.2 billion in cryptocurrency stolen from Binance by North Korean hackers.
@WatcherGuru on X
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The seizure marks one of the largest recoveries of digital assets tied to North Korea's state-linked hacking operations. The funds were traced back to exploits targeting Binance, the world's largest crypto exchange by trading volume. The action underscores growing U.S. enforcement pressure on illicit crypto flows linked to sanctioned regimes. What to watch next: whether additional exchanges face clawback actions and how the recovered assets are ultimately liquidated or returned.
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Named in this story
US Justice Department, Binance, North Korean hackers, cryptocurrency