DOJ targets $1.2 billion in North Korea-linked stolen crypto, including Binance hack funds

The U.S. Department of Justice is targeting roughly $1.2 billion in crypto stolen by North Korean actors, including funds tied to the Binance hack, and says it has seized infrastructure used in the FaceStealer scheme. Authorities say that scheme was used to steal as much as $400 million in crypto assets. For traders, the action signals continued enforcement pressure on North Korea-linked flows and could raise scrutiny of exchange security and tainted coins.