Zhao Changpeng: Binance successfully freezes tens of millions of dollars in cryptocurrency robbery in Montenegro business trip

Binance founder Zhao Changpeng stated that a senior executive was lured to "travel" to Montenegro, where they were kidnapped and forced to empty their wallet. The total loss was approximately $12.5 million.

Binance Assists in Freezing Funds in Montenegro Heist

Binance investigated on-chain activities and earlier today contacted partners to freeze wallets as all funds were being moved to a Tron wallet in the form of USDT. Binance successfully froze around $11.8 million out of the stolen $12.5 million.

Executives from a client were lured on a 'business trip' to Montenegro, where they were abducted and forced to empty their wallets. Total loss ~$12.5m.

We investigated the on chain activities and reached out to our partners earlier today to have the wallet frozen, as all of the…

— CZ 🔶 Binance (@cz_binance) November 10, 2023

Binance Commits to Assisting in Poloniex Heist

Poloniex, an exchange owned by Tron founder Justin Sun, was hacked for over a hundred million dollars. Zhao Changpeng also stated that if funds flow into Binance, they will assist in handling the situation.

Poloniex hacked.

Don't know much details yet. We hope it will be resolved soon, and always ready to help if any of the funds flow our way.

Please stay #SAFU. 🙏 https://t.co/jIEAvXUpGn

— CZ 🔶 Binance (@cz_binance) November 10, 2023