US freezes $1.2B of $6.3B Binance hack funds tied to North Korea

US authorities froze $1.2 billion in cryptocurrency stolen from Binance, attributing the theft to a North Korea-linked group. The total haul was $6.3 billion, making it one of the largest crypto heists on record. The freeze marks a significant law-enforcement action but leaves the majority of funds unrecovered, underscoring persistent gaps in crypto tracing and sanctions enforcement.

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