UpBit Hackers Send Stolen Ethereums to Binance, Statement From CZ.
Binance, the largest cryptocurrency exchange in terms of trade volumes, has frozen 137 ETH ($ 27,164) sent by Upbit hackers. Changpeng Zhao, the CEO of Binance, quickly responded to a tweet about the movement of the hack-related account specified by Whale Alert.
ℹ️ Address notification limit increased to 100,000 USD
— Whale Alert (@whale_alert) May 13, 2020
Binance Transfer Searches
According to CZ, they are currently working with Upbit and law enforcement to verify the malicious nature of the transaction.
After doing a research, Binance will determine how to send the stolen crypto back to Upbit.
The major South Korean stock market encountered $ 51.7 million Ethereum hacks in November 2019. Since then, hackers have been routinely messing up their bad money, Binance transfer is the last example.