Well, gosh golly, what do you know? Binance‘s emergency freeze policy has been under the magnifying glass after a little incident involving Upbit, one of South Korea’s largest crypto exchanges. 🤔
KBS reported that police asked Binance to freeze 470 million Korean won (about $370k) in Solana tokens, but the exchange only blocked a measly $55k-like trying to catch a sneaky squirrel with a net made of spaghetti. 🐿️
Binance claimed they needed “additional verification,” which sounds more like a excuse than a reason. 🧠
Upbit lost $36 million in Solana assets, and now everyone’s playing detective. 🕵️♂️
The Importance of Rapid Freezes
Experts say quick freezes are key, but exchanges? They’re more likely to throw up roadblocks than help. 🚧
It’s a wild world out there, where even crypto giants can’t escape the slow dance of bureaucracy. 🕐
Upbit’s spokesperson? All tight-lipped and mysterious. 🤐
“We’re working with the authorities… and asking other exchanges to freeze assets. 🤝”
Binance? They’re all about “cooperating with authorities” but won’t comment. 🤷♂️
So, what’s the takeaway? Don’t trust anyone with your crypto… unless they’re ready to act fast. ⚠️
Read More
- When Perturbation Fails: Taming Light in Complex Cavities
- Jujutsu Kaisen Execution Delivers High-Stakes Action and the Most Shocking Twist of the Series (Review)
- Fluid Dynamics and the Promise of Quantum Computation
- Where Winds Meet: Best Weapon Combinations
- FC 26 reveals free preview mode and 10 classic squads
- Hazbin Hotel season 3 release date speculation and latest news
- 3 PS Plus Extra, Premium Games for December 2025 Leaked Early
- 7 Most Overpowered Characters in Fighting Games, Ranked
- TikToker Madeleine White Marries Andrew Fedyk: See Her Wedding Dress
- Why Carrie Fisher’s Daughter Billie Lourd Will Always Talk About Grief
2025-12-12 13:55