DOJ moves to seize $1.2B from Binance hack, disrupts FaceStealer scam

Authorities froze over $2.7 billion in Binance hack proceeds, while the separate FaceStealer scam stole over $400 million in 18 months. The US Department of Justice said Thursday it had obtained court authorization to seize or restrain more than $1.2 billion of the $6.3 billion in cryptocurrency stolen from Binance. The authorization covers part of the more than $2.7 billion in stolen assets that US authorities and private-sector partners have frozen since the Oct. 29 hack. Investigators are still working to recover additional funds, the department said in its announcement .