The US Department of Justice said it obtained court authorization to seize or restrain more than $1.2 billion of the $6.3 billion in cryptocurrency stolen from Binance. The authorization covers part of the more than $2.7 billion in stolen assets that US authorities and private-sector partners have frozen since the Oct. 29 hack; investigators are still working to recover more, the department said.
The FBI attributed the hack to North Korea’s TraderTraitor group, but Kim Yo Jong denied North Korea’s involvement. Binance said it had covered the affected assets with its own funds and that a new proof-of-reserves snapshot showed at least one-to-one backing for customer assets.
