The U.S. Department of Justice announced on Nov. 12 that it had obtained court authorization to seize or restrain more than $1.2 billion in stolen Binance assets. Authorization does not mean all those assets have been seized: seizure puts assets under government control, while restraint limits transfers during proceedings. The assets were part of more than $2.7 billion frozen through government and private-sector efforts.
The department attributed the theft of more than $6 billion around Oct. 29 to North Korean military hackers; North Korea denied responsibility. The DOJ said recovery work remained underway as the attackers continued laundering assets. Binance said on Nov. 12 that it had completed coverage of affected assets after committing more than $6.34 billion in company funds to cover losses.
