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DOJ takes aim at $1.2B in Binance loot as FBI disrupts North Korean scam

Jessica Lyons
3 hours ago
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DOJ takes aim at $1.2B in Binance loot as FBI disrupts North Korean scam

The US government on Thursday said it had obtained court authorization to seize or restrain use of over $1.2 billion stolen during last month's $6.3 billion Binance heist, as part of a larger effort to disrupt North Korea's ongoing cryptocurrency theft.The court also allowed the takedown of cloud-based infrastructure used in a Democratic People’s Republic of Korea (DPRK) social engineering scheme called “FaceStealer” that has amassed more than $400 million in the last 18 months.It’s called FaceStealer because it involved secretly recorded webcam videos. Victims are typically people working in the cryptocurrency and web3 industries, along with open source software developers and maintainers who DPRK hackers target in the hope of...

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