Head of the world's largest crypto exchange: Client representatives kidnapped in Montenegro, 12,5 million stolen

"We were able to freeze about $11,8 million of the $12,5 million stolen," Binance's director said.

28058 views 37 reactions 13 comment(s)
Illustration, Photo: Shutterstock
Illustration, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Chanpang Zhao, executive director of the international cryptocurrency exchange Binance (Binance), announced that the directors of one of their clients were lured on an "official trip" to Montenegro, and then kidnapped and forced to "empty their wallets."

He stated that on that occasion they suffered a loss of about 12,5 million dollars.

"We have investigated the activities on the chain and earlier today we reached out to our partners to have the wallet frozen, as all funds were taken in USDT and transferred to the Tron wallet. We were able to freeze approximately $11,8 million of the $12,5 million stolen" , he wrote on the X network.

Bonus video: