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DOJ Seeks to Seize $1.2 Billion From Binance Hack and Disrupts North Korean Deepfake Scheme

(3 hours ago) · 1 source · Summarized by CryptoBipto

The U.S. Department of Justice has moved to seize approximately $1.2 billion in assets connected to a hack of cryptocurrency exchange Binance. The DOJ also announced it disrupted a North Korean deepfake scheme reportedly linked to the same broader operation.

WHY IT MATTERS

When a cryptocurrency exchange is hacked, it means someone found a way to steal digital assets from the platform, similar to a bank robbery but carried out through computer code.

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SOURCES

  • theblock.co

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BNBCrypto HacksDOJ EnforcementNorth KoreaDeepfake FraudAsset Seizure