U.S. Government and Private Sector Freeze $2.7 Billion in Crypto Assets Stolen from Binance

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The U.S. government and private sector have frozen more than $2.7 billion in virtual assets stolen from Binance, while total losses exceed $6 billion; the U.S. Department of Justice has obtained court authorization to seize or restrict more than $1.2 billion of the assets. The investigation is ongoing, as North Korean hackers continue to launder funds through crypto bridges, mixers, and exchanges. Binance said it has committed more than $6.34 billion to cover losses and is reopening withdrawals in phases.