FBI Says It Has Seized More Than $1.2 Billion in Cryptocurrency Stolen From Binance
The FBI says it has seized or restrained more than $1.2 billion in cryptocurrency reported stolen last month from Binance, according to two news reports.
The Federal Bureau of Investigation said it has seized or restrained more than $1.2 billion in cryptocurrency reported stolen last month from Binance, according to a report by ABC News. The headline of that report stated that the United States has seized $1.2 billion worth of cryptocurrency stolen from Binance, citing the FBI.
A separate CBS News report said the FBI has seized more than $1.2 billion of cryptocurrency reported stolen last month from Binance, which the report described as "the world's largest cryptocurrency exchange." The CBS News headline stated that the FBI recovers $1.2 billion in cryptocurrency stolen from Binance.
The two accounts differ in how they describe the status of the funds. ABC News said the FBI has seized or restrained the cryptocurrency, while CBS News said the bureau has seized it. Both reports refer to the same figure of more than $1.2 billion, and neither summary states whether any portion remains restrained rather than seized.
Both outlets said the cryptocurrency was reported stolen last month, and both attributed the seizure or recovery to the FBI. The summaries provided for this report do not identify who carried out the theft, how the funds were moved, or where the cryptocurrency is now held, and this report does not supply those details.
The reports, as summarized, give no further breakdown of the amount, include no statement from Binance, and provide no account of when the seizure itself took place. Readers seeking those particulars would need to consult the full texts of the two reports linked above.
Sources: ABC News: US has seized $1.2 billion worth of cryptocurrency stolen from Binance, FBI says; CBS News: FBI recovers $1.2 billion in cryptocurrency stolen from Binance.