The U.S. Department of Justice received court authorization to seize $1.2 billion in Binance crypto assets stolen by North Korea.
Bitcoin Magazine reported that the authorization covers crypto assets stolen by North Korea and routed through Binance. In the same set of operations, the total amount frozen exceeded $2.7 billion, and the Department of Justice also dismantled a deepfake theft scheme involving $400 million.
· The $1.2 billion is the amount authorized for seizure, while the more than $2.7 billion is the cumulative amount frozen. These are different measures and should not be combined into one figure.
· The source only describes the Department of Justice's actions and the amounts involved. It does not disclose the specific cryptocurrencies, account distribution, or progress in carrying out the seizures.
Which matters more to you: the $1.2 billion authorized for seizure, or the $2.7 billion already frozen?
Bitcoin Magazine reported that the authorization covers crypto assets stolen by North Korea and routed through Binance. In the same set of operations, the total amount frozen exceeded $2.7 billion, and the Department of Justice also dismantled a deepfake theft scheme involving $400 million.
· The $1.2 billion is the amount authorized for seizure, while the more than $2.7 billion is the cumulative amount frozen. These are different measures and should not be combined into one figure.
· The source only describes the Department of Justice's actions and the amounts involved. It does not disclose the specific cryptocurrencies, account distribution, or progress in carrying out the seizures.
Which matters more to you: the $1.2 billion authorized for seizure, or the $2.7 billion already frozen?
