US Court Approval for Over $1.2 Billion in Funds in Binance Attack

The U.S. Department of Justice has secured court approval to seize or restrict the movement of more than $1.2 billion in assets tied to the Binance hack, according to a department statement reported by The Block. The order covers funds allegedly stolen in the exchange breach, though the article does not specify which incident or tokens are involved. The approval matters because it gives prosecutors legal control over a nine-figure pool of crypto assets, reducing the risk that the funds are moved or dissipated while recovery efforts proceed. What to watch next is whether the seized assets are returned to affected users, how Binance coordinates with U.S. authorities, and whether the order expands to additional wallets or chains.