# 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.
- Title: US and Private Sector Freeze $2.7 Billion in Crypto Stolen in…
- Summary: 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…
- Keywords: private sector, binance, crypto heist, north korean cybercrime, virtual assets, funds freeze, safu fund, proof of reserves, Pymnts
- Source: Pymnts — https://pymnts.com/cryptocurrency/2026/united-states-private-sector-freeze-3-billion-dollars-crypto-stolen-binance-heist
- Author: PYMNTS
- Published: 2026-11-13T21:01:46+00:00
- Read time: 1 min
- Topics: us, private sector, binance, crypto heist, north korean cybercrime, virtual assets, funds freeze, safu fund, proof of reserves, business, finance
## 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.
## Key takeaway

US and private sector froze $2.7 billion of stolen crypto from Binance heist targeting North Korean cybercrime.