New Delhi, Nov. 15 -- US authorities have seized around $1.2 billion worth of cryptocurrency stolen from crypto exchange Binance last month, the US Department of Justice (DOJ) said on Thursday. The department also pledged to take action against cyber scams originating from North Korea, CNBC reported.

More than $6 billion was stolen from Binance on October 29 in an attack that the DOJ attributed to actors linked to the North Korean military.

Joint efforts by the US government and the private sector have resulted in more than $2.7 billion of the stolen funds being frozen, CNBC reported.

The Federal Bureau of Investigation (FBI) has blamed the attack, which raised concerns about security in the cryptocurrency market, on members of the Nor...