The United States has obtained court approval to seize or freeze more than $1.2 billion in cryptocurrency stolen from Binance by North Korean hackers known as TraderBugd. The theft exceeded 6 billion dollars.
US authorities are working with private sector cryptocurrency platforms to trace, freeze and recover the stolen assets. More than $2.7 billion has already been frozen through these coordinated efforts, as investigators continue efforts to disrupt the hackers' laundering operations.