星球日报|12月 12, 2025 05:42
[Korean Media: Binance Only Partially Cooperates in Freezing Upbit Stolen Assets, Majority of Involved Solana Funds Already Laundered]
Odaily Planet Daily reports that Binance, after receiving a request from South Korean police to freeze stolen crypto assets from Upbit, only took freezing measures on part of the funds. According to reports, after the hacking incident on Upbit on the 27th of last month, the stolen assets were laundered through multiple transfers, splits, and cross-chain operations, with most of the funds eventually flowing into third-party service wallets on the Binance platform. Police and Upbit requested Binance to freeze approximately 470 million KRW worth of Solana tokens on the morning of the incident, but Binance, citing the need for further verification, only froze about 80 million KRW worth of assets, accounting for roughly 17% of the requested amount. The freezing measures were completed approximately 15 hours after the request was made.
Regarding the partial freezing and delayed response, Binance stated that it is unable to provide specific details on ongoing investigations as a matter of principle but will continue to cooperate with relevant law enforcement agencies and partners according to established procedures. Blockchain researchers pointed out that rapid freezing in the early stages of a hacking incident is crucial to minimizing losses and suggested establishing a global emergency collaboration mechanism among exchanges to improve emergency response efficiency. The report also mentioned that the hackers have converted most of the Solana assets into Ethereum, likely due to its higher market liquidity and relative ease of subsequent liquidation. (KBS)
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