FBI Says US Seized $1.2 Billion Worth of Cryptocurrency Stolen From Binance
Source SecurityWeek
Description
The FBI announced the seizure of over $1.2 billion in cryptocurrency stolen from Binance, the world's largest crypto exchange, in what is considered the largest crypto heist in history. The theft, totaling approximately $6.3 billion, has been attributed to the North Korean hacking group known as TraderTraitor. Additionally, the FBI linked North Korea to a separate social engineering campaign called FaceStealer, which resulted in the theft of $400 million worth of cryptocurrency over 18 months. This campaign involved hijacking messaging apps and using deepfake videos. The U.S. government and private sector have frozen more than $2.7 billion of the stolen funds, with court authorization obtained to seize or restrain $1.2 billion of that amount.