Nov 13: DOJ Wins Authorization to Seize Over $1.2 Billion Linked to Binance Theft
DOJ Says Deepfake Calls Helped North Korean Hackers Steal Over $400 Mi · Bitcoin’s Slide Below $69,000 Accompanies a $1.47 Billion Liquidation · Gemini’s $40.9 Million Revenue Highlights a Shift Beyond Exchange Fees
Market Snapshot
Bitcoin traded at $69,182.01, down 5.115% over 24 hours, according to the supplied Binance snapshot. Ethereum stood at $1,959.03, down 3.148%, while Solana changed hands at $80.67, down 1.861%. Bitcoin showed the largest percentage decline among the three assets, although all were under pressure.
Separately, The Block reported $1.47 billion in liquidations over 24 hours, including $1.31 billion in long positions. Its earlier bitcoin price of $68,408 represents a different observation from the supplied market snapshot; the figures should not be treated as simultaneous readings. The concentration of liquidations in longs shows how heavily the reported unwind affected traders positioned for rising prices. Source: Binance market data; The Block.
Top Stories
- DOJ Says Deepfake Calls Helped North Korean Hackers Steal Over $400 Million
- DOJ Wins Authorization to Seize Over $1.2 Billion Linked to Binance Theft
- JPMorgan Reports $540 Million in IBIT and a Larger Strategy Holding
- Bitcoin’s Slide Below $69,000 Accompanies a $1.47 Billion Liquidation Wave
- Gemini’s $40.9 Million Revenue Highlights a Shift Beyond Exchange Fees
Key Takeaways
- Human access remains central: FaceStealer’s reported $400 million theft shows why identity checks must extend beyond recognizing someone on a video call.
- Recovery figures require precision: The Binance case distinguishes $2.7 billion frozen from more than $1.2 billion covered by seizure authorization.
- Institutional holdings need context: JPMorgan’s September positions and accompanying options cannot establish its November trading intentions.
- Headline improvements can conceal fragility: Gemini’s smaller loss coexists with a 73% annual volume decline, while bitcoin’s liquidation figures show the cost of leveraged exposure.
What to Watch
Watch for further DOJ updates distinguishing frozen Binance assets from completed seizures and returned funds, alongside additional detail on the FaceStealer infrastructure disruption. For markets, monitor how expectations for December Federal Reserve policy develop and whether subsequent liquidation readings show continued pressure on longs. Gemini’s proposed Apex arrangement also warrants attention for evidence of a finalized agreement and disclosed commercial terms.