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Crypto Regulation

US DOJ Seizes North Korean Hackers’ FaceStealer Infrastructure, Freezes $1.2B in Binance Assets

The US Department of Justice said it dismantled cloud infrastructure used by North Korean hackers in the “FaceStealer” social-engineering campaign and obtained court authorization to seize or freeze more than $1.2 billion in stolen Binance assets. Around Oct. 29, the military hacking group “TraderTraitor” stole over $6 billion from Binance, of which more than $2.7 billion has been frozen. FaceStealer used hijacked accounts to stage video calls with pre-recorded and deepfake video, luring targets into installing malware.

Original source

AI take

The headline number understates the scale: this is a partial recovery against a far larger theft, and the freeze depends on court authorization that will face legal challenge from parties with competing claims to the assets. The FaceStealer detail matters more than the dollar figure — deepfake video calls are a social-engineering vector that bypasses technical controls entirely, and exchange compliance teams, not just targets, are now on the front line. Whether the frozen share rises toward the full amount, and how Binance handles restitution, is the open question.

Generated by AI for reference only.

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