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Home/Tech/Court authority covers $1.2 billion stolen from Binance
VERIFIEDBy Xavier Rivera·Thursday, November 12, 2026 at 8:21 PM AST·1.5 min read

Court authority covers $1.2 billion stolen from Binance

The Justice Department has court authority to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance. A wider freeze of more than $2.7 billion includes private-sector holds, and tracing is still underway.

Source:U.S. Department of Justice
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Court authority covers $1.2 billion stolen from Binance
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TL;DRAI · 60 sec read

The Justice Department has court authority to seize or restrain more than $1.2 billion stolen from Binance on or about October 29. The theft was more than $6 billion. A wider freeze of more than $2.7 billion includes private-sector holds. A separate video-call scheme has taken more than $400 million in 18 months. Tracing of the Binance assets is still underway.

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The Justice Department has obtained court authority to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance.

The theft was more than $6 billion in virtual assets, taken on or about October 29. The department attributes it to members of the North Korean military that the FBI calls TraderTraitor. That court step is not the same thing as money already returned.
That court step is not the same thing as money already returned.

A wider freeze now covers more than $2.7 billion. That figure combines U.S. government and private-sector holds. Assistant Attorney General A. Tysen Duva said the department and its partners were able to "immediately halt about half of this historic breach." The $1.2 billion is the portion already under a court order to seize or restrain.
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Tracing, seizure, and forfeiture work is still underway. The same actors are still moving assets through cryptocurrency bridges, mixers, and exchanges. Last week the FBI, with the Secret Service and IRS Criminal Investigation, issued an alert urging exchanges to block transactions tied to addresses those actors are using.
FaceStealer uses stolen accounts, prerecorded webcam video, and deepfakes of known people to get a target into a fake meeting, then sends a supposed fix that installs malware.
A separate action disrupted a video-call scheme the FBI calls FaceStealer. That scheme has taken more than $400 million in cryptocurrency over the last 18 months. Agents seized more than 900 webcam videos of victims and cloud infrastructure used in the campaign. The FBI has posted a hub for the scheme.
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The two actions are separate. FaceStealer uses stolen accounts, prerecorded webcam video, and deepfakes of known people to get a target into a fake meeting, then sends a supposed fix that installs malware. Principal Deputy Assistant Attorney General M. Scott Proctor said North Korea "bankrolls its rogue regime and illicit weapons program through cryptocurrency theft."
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