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The Department of Justice obtained court approval to seize more than $1.2 billion stolen from the Binance exchange. This action disrupts a North Korean deepfake scheme called FaceStealer that stole over $400 million in crypto during 18 months. While Binance previously reported losses of about $6.3 billion, authorities froze over $2.7 billion total.
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Summary by ByteBrief
Binance Hack Causes $1.6B Crypto Liquidations