US Moves to Seize $1.2 Billion From Binance Hack. Where Is the Rest?
The US Justice Department has court approval to seize or restrain more than $1.2 billion stolen from Binance. The money comes from the October 29 hack the FBI pinned on North Korea’s state hacking unit. That covers less than a fifth of the haul. On-chain data shows billions more still within the Binance hacker’s reach. The post US Moves to Seize $1.2 Billion From Binance Hack. Where Is the Rest? appeared first on BeInCrypto.
Key Takeaways
- The US Justice Department has court approval to seize or restrain more than $1.2 billion stolen from Binance.
- The money comes from the October 29 hack the FBI pinned on North Korea’s state hacking unit.
- That covers less than a fifth of the haul.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Tether Builds $4.8B US Stock Portfolio Across 13 Companies
Tether has built an estimated $4.8 billion portfolio across 13 U.S.-listed companies, according to a Protos review of SEC filings. The holdings span bitcoin treasuries, video and AI infrastructure, gold royalties, agriculture, mining, and satellites. Tether…
White House sends crypto-relevant picks to fill SEC and CFTC seats
Crypto Council for Innovation's Ji Kim said this bipartisan lineup could develop durable rules that safeguard markets and support innovation.
Brazil Regulator Warns That 30% of Crypto Exchanges Fail New Capital Rules
Nearly one-third of the 120 cryptocurrency exchanges that filed to continue operating in Brazil as VASPs fail to reach the share capital required to operate in compliance with Central Bank regulations, meaning they could have their applications rejected after…