SEOUL, November 13 (AJP) -U.S. authorities have obtained court authorization to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance in a record heist attributed to North Korean hackers, the Justice Department said Thursday.
The amount forms part of more than $2.7 billion already frozen through joint efforts by U.S. authorities and private companies following the October theft. Efforts to recover the remaining assets are continuing, the department said in its Nov. 12 announcement.
The attack drained about $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in what has been described as the biggest crypto heist in history. The Federal Bureau of Investigation (FBI) attributed it to a North Korean hacking group known as TraderTraitor.
Authorities seized cloud infrastructure used in “FaceStealer,” a North Korean campaign that officials said had stolen more than $400 million in cryptocurrency over 18 months. The scheme used recorded videos and deepfakes to impersonate trusted contacts during online meetings. Victims were then prompted to install a supposed technical fix that secretly infected their computers with malware. Officials said the campaign also targeted developers maintaining open-source software.
Tag: North Korea, cryptocurrency theft, Binance, FBI, U.S. Justice Department, TraderTraitor, FaceStealer, cybercrime, deepfakes
The amount forms part of more than $2.7 billion already frozen through joint efforts by U.S. authorities and private companies following the October theft. Efforts to recover the remaining assets are continuing, the department said in its Nov. 12 announcement.
The attack drained about $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in what has been described as the biggest crypto heist in history. The Federal Bureau of Investigation (FBI) attributed it to a North Korean hacking group known as TraderTraitor.
Authorities seized cloud infrastructure used in “FaceStealer,” a North Korean campaign that officials said had stolen more than $400 million in cryptocurrency over 18 months. The scheme used recorded videos and deepfakes to impersonate trusted contacts during online meetings. Victims were then prompted to install a supposed technical fix that secretly infected their computers with malware. Officials said the campaign also targeted developers maintaining open-source software.
Tag: North Korea, cryptocurrency theft, Binance, FBI, U.S. Justice Department, TraderTraitor, FaceStealer, cybercrime, deepfakes
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