Efforts by the U.S. government and private sector entities have led to the freeze of over $2.7 billion of the more than $6 billion worth of virtual assets that were stolen from the Binance cryptocurrency exchange on or around Oct. 29, the Department of Justice said in a Thursday (Nov. 12) press release.
The DOJ obtained court authorization to seize or restrain more than $1.2 billion of that amount, according to the release.
The efforts are ongoing as the fraudsters who carried out the theft, the members of the North Korean military referred to by the FBI as “TraderTraitor,” continue to launder the stolen virtual assets through cryptocurrency bridges, mixers and exchanges, per the release.
“North Korea’s government bankrolls…
