Feds Seize $1.2 Billion From Binance Theft

U.S. law enforcement seized $1.2 billion in stolen cryptocurrency from the Binance hack attributed to North Korean group TraderTraitor. The Justice Department froze $2.7 billion total, with $400 million lost via the FaceStealer social engineering scheme. Officials confirmed ongoing efforts to trace assets laundered through bridges and mixers while disrupting cloud infrastructure used by the hackers.