Binance Freezes Only 17% of Stolen Upbit Funds

Coinpedia 1 hour ago 113

The post Binance Freezes Only 17% of Stolen Upbit Funds appeared first on Coinpedia Fintech News

South Korean police asked Binance to freeze about 470 million KRW worth of Solana tokens stolen from Upbit. But Binance only locked down 17%, around 80 million KRW, after a 15-hour delay, saying they needed more verification. The partial freeze has sparked criticism amid the ongoing probe into the massive hack. This highlights tensions between global exchanges and local authorities in crypto crime responses, as Upbit pushes to recover the rest.

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