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  1. Home
  2. Crypto-Detective
  3. Binance Freezes Only 17% of Funds Linked to Upbit Hack

Binance Freezes Only 17% of Funds Linked to Upbit Hack

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  • encryptedE Offline
    encryptedE Offline
    encrypted
    wrote on last edited by
    #1

    6e65a246-1357-4c03-9556-e637950b5b4c-image.png

    South Korean outlet KBS reports that investigators asked Binance to freeze ₩470M KRW (~$370K) in Solana linked to the Nov. 27 Upbit hack — but the exchange froze only ~$55K, about 17% of the requested amount.
    KBS says Binance delayed action for 15 hours, citing the need for additional verification.
    Upbit lost $36M in Solana-based assets during the breach and is now working with global exchanges to trace and freeze the remaining funds.

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    • Nahid HossenN Offline
      Nahid HossenN Offline
      Nahid Hossen
      wrote on last edited by
      #2

      Freezing 17% is a start, but it shows how quickly hackers move funds across chains.

      Nike

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      • Rimon KhanR Offline
        Rimon KhanR Offline
        Rimon Khan
        wrote on last edited by
        #3

        Recovering stolen funds is tough, but these international actions show real progress.

        1 Reply Last reply
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