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The Justice Department has court approval to seize or restrain more than $1.2 billion stolen from Binance by North Korea’s TraderTraitor hackers, but only about $2.7 billion of the $6 billion haul is frozen, repayment timing is open, and a deepfake video-call scheme called FaceStealer has taken another $400 million.
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A refund bug forced THORChain to halt cross-chain swaps last weekend, accidentally stalling North Korea’s laundering of the $6.3 billion Binance haul. Now the network is back online, the hackers are swapping ether for bitcoin again, and the episode is forcing a hard question on decentralized finance: who is responsible when a neutral protocol moves stolen money?
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Binance restarted withdrawals in phases on Sunday, saying it has replaced about 95% of the $6.3 billion stolen in the largest crypto hack on record, as the FBI named North Korea’s TraderTraitor group and bitcoin started November under pressure.
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