FBI seizes $1.2 billion in crypto tied to Binance theft

FBI says US has seized $1.2 billion worth of cryptocurrency stolen from Binance 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 Advertisement Updated: 6:00 PM CST Nov 12, 2026 Editorial Standards ⓘ The Associated Press FBI says US has seized $1.2 billion worth of cryptocurrency stolen from Binance 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 Updated: 6:00 PM CST Nov 12, 2026 Editorial Standards ⓘ The Associated Press 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. 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 of that total. Advertisement Related video at the top: Better Business Bureau Most Dangerous Scams Typically in those situations, the U.S. government will file a claim of forfeiture with a judge, who will then determine who has a legitimate claim to the recovered funds. North Korea denies involvement in Binance hack, Kim Yo Jong criticizes FBI probe as 'a trite provocation' Also Thursday, the FBI blamed North Korea for a separate social engineering scheme that officials say resulted in the theft of $400 million worth of cryptocurrency over the last 18 months. That scheme, known as FaceStealer, involves a complicated chain of events combining the hijacking of popular messaging apps and the recording of deepfake videos. U.S. officials have repeatedly accused North Korea of using cyber schemes to generate funds for its regime, including its illicit weapons program. Make WISN a preferred source on Google Add Preferred Source Share Infinite Scroll Enabled Top Picks Anthony Clark, a comedian and actor who starred on 'Yes, Dear,' dies WATCH: Baby bear captured on Ring camera 'ding-dong ditching' home at 2 a.m. Teen who has autism found alive after missing for nearly a week in the Australian woodlands Microsoft confirms Outlook outage affecting users worldwide