The U.S. Department of Justice has filed a landmark forfeiture action to seize $1.2 billion in frozen cryptocurrency traced to the North Korean hacking unit known as “TraderTraitor”. The funds represent a major portion of more than $2.7 billion immobilized through coordinated public-private blockchain intelligence efforts following a massive breach targeting Binance. While Binance previously reimbursed affected users using its own treasury and insurance reserves, the court order marks one of the largest cyber-forfeiture operations in digital asset history.
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