- This is the coordinated work of the police and Binance Investigations
- The funds belonged to hackers from North Korea
We recently wrote that the U.S. Treasury Department discovered and froze Binance cryptocurrencies linked to hackers from North Korea. Now the case has received new details.
So it turned out that these accounts were storing $4.4 million worth of crypto-assets.. These funds were recovered and blocked by the Binance Investigations team.
“We are proud to have helped U.S. law enforcement agencies seize $4.4 million and freeze accounts linked to North Korean organized crime.
Thank you to our law enforcement partners and the Binance Investigations team for their unwavering commitment to fighting crime around the world.”
The crypto exchange specifies that it began “figuring out” crypto hacking more than a year ago. They had help from U.S. detectives.
“Blockchain provides an enormous degree of transparency that allows law enforcement agencies to solve these types of crimes.
We work closely with authorities around the world every day to help prevent crimes and take action against abusers.”
In fact, the Binance Investigations team works around the world to help fight cryptocurrencies. They recently conducted special training for Ukrainian detectives.