The U.S. Federal Bureau of Investigation (FBI) has seized more than $1.2 billion worth of cryptocurrency stolen from Binance, the world’s largest cryptocurrency exchange. The agency also disrupted a separate hacking operation that allegedly resulted in the theft of more than $400 million in cryptocurrency over the past 18 months.
The Binance-related theft, estimated at approximately $6.3 billion, has been attributed to a North Korean hacking group known as TraderTraitor. The FBI described it as the largest cryptocurrency heist in history. Following the attack, U.S. authorities and private-sector cryptocurrency companies moved to trace and freeze the stolen assets.
