Binance Client Execs Abducted and Forced to Empty Crypto Wallets, CZ Freezes Funds
Executives from a client company of Binance were kidnapped to Montenegro and lured into a massive $12.5 million crypto robbery.
According to Changpeng Zhao (CZ), CEO of Binance, the kidnappers lured senior staff from one of Binance’s client companies onto a ‘business trip’ to Montenegro. They were later forced to empty their crypto wallets, draining $12.5 million in total.
In a swift response, CZ said on X (Twitter) that Binance managed to freeze $11.8m of the $12.5m stolen funds. The kidnappers apparently took the funds in USDT and transferred them to a Tron wallet.
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
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