U.S. seizes $1.2 billion in cryptocurrency stolen from Binance

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U.S. authorities have seized around $1.2 billion in virtual assets stolen from cryptocurrency exchange Binance last month, the Department of Justice said Thursday, as it vowed action to tackle cyberscams originating from North Korea. Over $6 billion was stolen from industry giant Binance on Oct. 29, which the DOJ attributed to actors linked to the North Korean military. Collective efforts between the U.S. government and private sector have resulted in more than $2.7 billion of that amount being frozen. The FBI blames the attack, which shook confidence in crypto market security , on members of the North Korean military it refers to as "TraderTraitor.