Authorities Question Binance’s Response After Partial Freeze of Upbit Hack Funds

TLDR Binance froze only 17% of stolen Upbit funds, despite urgent requests from Upbit and local authorities. Hackers used complex laundering tactics, moving funds across multiple chains before reaching Binance. Binance delayed freezing assets by 15 hours and cited the need for additional verification. Experts urge for quicker, coordinated freeze mechanisms between exchanges to reduce [...]

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