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Authorities froze over $2.7 billion in Binance hack proceeds, while the separate FaceStealer scam stole over $400 million in 18 months.<\/p>\n
The US Department of Justice said Thursday it had obtained court authorization to seize or restrain more than $1.2 billion of the $6.3 billion in cryptocurrency stolen from Binance.<\/p>\n
The authorization covers part of the more than $2.7 billion in stolen assets that US authorities and private-sector partners have frozen since the Oct. 29 hack. Investigators are still working to recover additional funds, the department said in its announcement<\/a>.<\/p>\n The FBI attributed the Binance hack to North Korea\u2019s TraderTraitor group in a cyber alert<\/a>. Kim Yo Jong, the sister of North Korean leader Kim Jong Un, denied North Korea\u2019s involvement<\/a>.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n