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FBI seizes $1.2 billion in crypto stolen from Binance

FBI seizes $1.2 billion in crypto stolen from Binance

WASHINGTON (AP) — The FBI said Thursday that it had seized more than $1.2 billion of cryptocurrency reported stolen last month from Binance, the world’s largest crypto exchange.

The theft of about $6.3 billion from Binance is regarded as the biggest crypto heist in history, and the FBI has previously attributed it to a North Korean hacking group known as TraderTraitor.

FILE - The Binance app icon is seen on a smartphone, Tuesday, Feb. 28, 2023, in Marple...
FILE – The Binance app icon is seen on a smartphone, Tuesday, Feb. 28, 2023, in Marple Township, Pa.(AP Photo/Matt Slocum, File)

The U.S. government and private sector have so far combined to freeze more than $2.7 billion of the stolen funds, and the Justice Department said Thursday that it has now obtained court authorization to seize or restrain more than $1.2 billion…

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