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US targets North Korean crypto schemes and Binance hack

US targets North Korean crypto schemes and Binance hack

The investigation into the Binance cyberattack is gaining momentum as US authorities trace stolen funds and uncover further details of North Korean crypto operations.

The US Department of Justice (DOJ) has announced coordinated actions against North Korean cryptocurrency theft operations, including the disruption of a social engineering campaign known as FaceStealer and court-authorised action to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance. The measures target schemes allegedly used by the Democratic People’s Republic of Korea (DPRK) to generate funds for its regime and illicit weapons programmes.

The FaceStealer campaign, which the FBI attributes to North…

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