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Binance Stops Upbit Hackers’ Attempt to Launder Stolen Funds
Summary: Binance, the major cryptocurrency exchange, has frozen $27 million in funds, which were linked to the breach of the Upbit crypto exchange. On Wednesday at around 16:00 UTC, the Twitter account Whale Alert warned Binance, which had already committed to freezing any funds stemming from the hack, that around 137 ether (worth around $27,000 at ...
Binance, the major cryptocurrency exchange, has frozen $27 million in funds, which were linked to the breach of the Upbit crypto exchange.
On Wednesday at around 16:00 UTC, the Twitter account Whale Alert warned Binance, which had already committed to freezing any funds stemming from the hack, that around 137 ether (worth around $27,000 at time of writing) was transferred from an address linked to the Upbit hacker group to its wallets.
Binance CEO Changpeng "CZ" Zhao tweeted shortly after that the funds were frozen and that the money would soon be returned to Upbit.
By Ramsey Baker
Tags: Binance,Changpeng Zhao,CZ,Hacker,Upbit,Whale Alert
Link: Binance Stops Upbit Hackers’ Attempt to Launder Stolen Funds [Copy]
