US seizes or restrains more than $1,200 million stolen from Binance, according to The Record

The US Justice Department obtained court authorization to seize or restrain more than $1,200 million stolen from cryptocurrency platform Binance, The Record, from Recorded Future News, reported on November 12. That amount is part of the $2,700 million that several platforms froze after last month's $6,300 million theft, again according to that outlet.

Binance and the FBI attributed the theft to TraderTraitor, a North Korean hacking group. According to The Record, the Justice Department said efforts to trace, freeze, seize and forfeit the assets are ongoing because the group continues to launder them through bridges, mixers and exchanges.

The same outlet reports that the FBI and the Justice Department disrupted the cloud infrastructure of a social engineering campaign called "FaceStealer", through which, according to the FBI, North Korean hackers stole more than $400 million in cryptocurrency over the last 18 months using fake Zoom or Teams meetings. An FBI agent told The Record it is unclear whether this method was used against Binance.

Developing story: the Justice Department statement or a second independent source confirming the seizure figures and the exact date of the announcement has yet to be opened.