DOJ moves to seize $1.2B from Binance hack, disrupts FaceStealer scam
Summary
Law enforcement authorities are moving to seize funds linked to a major Binance security breach. In a separate operation, officials have taken action against the FaceStealer scam, which accumulated massive financial losses over an eighteen-month period.
Authorities froze over $2.7 billion in Binance hack proceeds, while the separate FaceStealer scam stole over $400 million in 18 months.
Source: Read the full story at Cointelegraph.com News
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.