According to Bloomberg, the U.S. Department of Justice stated that Tether and Circle have frozen $2.7 billion in funds related to the October 29th Binance hack, which resulted in approximately $6.3 billion in losses. Of this, $1.2 billion has been authorized by the court for seizure or restricted transfer. U.S. law enforcement continues to track the remaining stolen assets, as the hackers attempted to launder the money through cross-chain bridges, mixers, and exchanges. According to Elliptic data, within a week of the attack, the hackers used over 20,000 wallet addresses to conduct at least 65,000 transactions. Binance had previously used profits and emergency funds to fully replenish the stolen assets. In addition, the U.S. Department of Justice announced that it has seized the cloud infrastructure used by another North Korean hacking operation, FaceStealer, which has stolen over $400 million in crypto assets over the past 18 months, primarily through hijacking social media accounts, forging video conferences, and tricking victims into installing malware. https://(wublock123.com)/news/us-doj-authorizes-seizure-or-freeze-of-1-2b-from-2-7b-binance-hack-71861