U.S. Authorities Target .2B Linked to Binance Theft
A major follow-up in the October Binance theft: the U.S. Justice Department says it has court authorization to seize or restrain more than .2 billion in stolen cryptocurrency.
The DOJ says government and private-sector efforts have frozen more than .7 billion of the over billion stolen on Oct. 29, while tracing and forfeiture work continues. Important distinction: court-authorized seizure or restraint is not the same as all funds being returned to users. This is a significant disruption of the laundering path, but it does not erase the breach or complete recovery. The DOJ also announced a separate action against the FaceStealer campaign, which should not be confused with the Binance theft.
What recovery or transparency update would you want to see next?
Source: U.S. Department of Justice: https://www.justice.gov/opa/pr/justice-department-announces-actions-disrupt-north-koreas-massive-theft-cryptocurrency · CNBC: https://www.cnbc.com/2026/11/13/us-seizes-binance-hack-crypto.html
Market watch:
#CryptoSecurity #Cybersecurity #Binance
A major follow-up in the October Binance theft: the U.S. Justice Department says it has court authorization to seize or restrain more than .2 billion in stolen cryptocurrency.
The DOJ says government and private-sector efforts have frozen more than .7 billion of the over billion stolen on Oct. 29, while tracing and forfeiture work continues. Important distinction: court-authorized seizure or restraint is not the same as all funds being returned to users. This is a significant disruption of the laundering path, but it does not erase the breach or complete recovery. The DOJ also announced a separate action against the FaceStealer campaign, which should not be confused with the Binance theft.
What recovery or transparency update would you want to see next?
Source: U.S. Department of Justice: https://www.justice.gov/opa/pr/justice-department-announces-actions-disrupt-north-koreas-massive-theft-cryptocurrency · CNBC: https://www.cnbc.com/2026/11/13/us-seizes-binance-hack-crypto.html
Market watch:
#CryptoSecurity #Cybersecurity #Binance