Coin

<ul class="news-points"> 
 <li>Binance CEO exposes a distressing incident where executives were kidnapped during a fake business trip.</li> 
 <li>The abducted executives were forced to empty their crypto wallets.</li> 
 <li>Binance’s quick response led to the freezing of $11.8 million, recovering 94.4% of the total $12.5 million stolen.</li> 
</ul> 
<a href="https://coinedition.com/tag/changpeng-zhao/">Changpeng Zhao</a>, the CEO of the largest centralized exchange, Binance, has revealed a concerning incident involving the abduction of executives from a client company during a supposed business trip in Montenegro.&nbsp; 
In a tweet, Zhao detailed the harrowing event where the executives were forced to empty their crypto wallets, resulting in a substantial loss of approximately $12.5 million. Zhao noted that the stolen funds were primarily in the Tether USD (USDT) stablecoin. Also, he disclosed that the bad actors moved the funds to a Tron wallet after executing their theft operation. 
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 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 t…
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The post <a href="https://coinedition.com/binance-impounds-94-of-12-5m-funds-stolen-from-abducted-execs/">Binance Impounds 94% of $12.5M Funds Stolen from Abducted Execs</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance Impounds 94% of $12.5M Funds Stolen from Abducted Execs

Coin Edition

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