U.S. Department of Justice and stablecoin issuers freeze $2.7 billion in assets linked to North Korean hackers' theft from Binance

深潮 TechFlow reported that, on November 13, according to Bloomberg, the U.S. Department of Justice announced that after North Korean hackers stole more than $6 billion in crypto assets from Binance on October 29, U.S. authorities had worked with major stablecoin issuers including Tether and Circle to freeze about $2.7 billion in stolen funds and had obtained court authorization to seize or restrain more than $1.2 billion of it.

This is the largest cryptocurrency theft in history. The Department of Justice said it is continuing to track the remaining funds moved through cross-chain bridges, mixers and other channels, while simultaneously cracking down on another North Korean 'FaceStealer' operation that uses deepfake videos for social engineering and has stolen more than $400 million over the past 18 months. Binance said it has covered customer losses with its own funds, while North Korea denied the allegations.

Source: 深潮 TechFlow