FBI says US seized $1.2 billion of crypto stolen from Binance
Original title: FBI Says US Seized $1.2 Billion Worth of Cryptocurrency Stolen From Binance
Justice Department has court authorization to seize or restrain more than $1.2 billion of the roughly $6.3 billion taken.
The FBI said Thursday it seized more than $1.2 billion in cryptocurrency reported stolen last month from Binance. The theft of about $6.3 billion is described as the largest crypto heist, and the FBI has previously attributed it to the North Korean group TraderTraitor. The US government and private sector have frozen more than $2.7 billion, and a judge will later decide legitimate claims. The FBI also blamed North Korea for FaceStealer, a separate social-engineering scheme it says stole $400 million over 18 months.
Unconfirmed: TraderTraitor attribution is the FBI's prior assessment; FaceStealer losses are what officials say occurred.
- Court authorization covers more than $1.2 billion of already frozen funds.
- Combined freezes so far exceed $2.7 billion of the stolen cryptocurrency.
- FaceStealer is said to hijack messaging apps and use recorded deepfake videos.
- US officials link North Korean cyber schemes to funding its weapons program.
Impact: About $6.3 billion in cryptocurrency stolen from Binance
- Threat actors
- TraderTraitor
- Victims
- Binance
- Organizations
- FBIJustice Department
- Countries
- United StatesNorth Korea
From the original article
2 min read at securityweek.com
Also Thursday, the FBI blamed North Korea for a separate social engineering scheme that officials say resulted in the theft of $400 million worth of cryptocurrency. The post FBI Says US Seized $1. 2 Billion Worth of Cryptocurrency Stolen From Binance appeared first on SecurityWeek.
By Associated Press · securityweek.com
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