US and Private Sector Freeze $2.7 Billion in Crypto Stolen in Binance Heist
US and private sector freeze $2.7 billion in crypto stolen from Binance heist.
In brief
US and private sector freeze $2.7 billion in crypto stolen from Binance heist. US and private sector froze $2.7 billion of stolen crypto from Binance heist targeting North Korean cybercrime. Originally reported by Pymnts.
US and Private Sector Freeze Funds
US government and private sector froze $2.7 billion of virtual assets stolen from Binance on Oct. 29.
DOJ Seizes $1.2 Billion
Department of Justice obtained court authorization to seize $1.2 billion of the stolen virtual assets.
North Korean Cybercrime Target
FBI refers to hackers as 'TraderTraitor' members of North Korean military laundering stolen crypto.
“TraderTraitor”
Binance Covers $6.34 Billion Losses
Binance committed $6.34 billion in company funds to cover losses and source affected tokens.
Binance Replenishes SAFU Fund
Binance pledges to replenish the Secure Asset Fund for Users to $1 billion and enhance security.
The one thing
US and private sector froze $2.7 billion of stolen crypto from Binance heist targeting North Korean cybercrime.
