{"id":64549,"date":"2025-12-12T12:17:19","date_gmt":"2025-12-12T12:17:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-under-scrutiny-over-response-to-south-korean-police-request-in-upbit-breach-case\/"},"modified":"2025-12-12T12:17:19","modified_gmt":"2025-12-12T12:17:19","slug":"binance-under-scrutiny-over-response-to-south-korean-police-request-in-upbit-breach-case","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-under-scrutiny-over-response-to-south-korean-police-request-in-upbit-breach-case\/","title":{"rendered":"Binance under scrutiny over response to South Korean police request in Upbit breach case"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251212_1548_Crypto-Exchange-Controversy_simple_compose_01kc910ghse9bsmqmkntcg5myy-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251212_1548_Crypto-Exchange-Controversy_simple_compose_01kc910ghse9bsmqmkntcg5myy-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251212_1548_Crypto-Exchange-Controversy_simple_compose_01kc910ghse9bsmqmkntcg5myy-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251212_1548_Crypto-Exchange-Controversy_simple_compose_01kc910ghse9bsmqmkntcg5myy-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li data-start=\"82\" data-end=\"663\">South Korean police asked Binance to freeze Solana tokens linked to the Upbit breach on Nov. 27.<\/li>\n<li data-start=\"82\" data-end=\"663\">Binance reportedly froze about $55,000 after a delay of roughly 15 hours.<\/li>\n<li data-start=\"82\" data-end=\"663\">The Upbit breach involved unauthorised Solana-based withdrawals worth about $36 million.<\/li>\n<\/ul>\n<p data-start=\"82\" data-end=\"663\">South Korean authorities are examining how overseas crypto platforms respond to urgent law enforcement requests after new details emerged about Binance\u2019s handling of a police freeze request linked to a security breach at Upbit.<\/p>\n<p data-start=\"82\" data-end=\"663\">The case has become a reference point for how quickly stolen digital assets can be contained once they leave domestic exchanges and move across borders.<\/p>\n<p data-start=\"82\" data-end=\"663\">While cooperation between exchanges and regulators is often described as routine, the Upbit incident shows how verification processes and response times can shape the outcome of active investigations.<\/p>\n<p data-start=\"665\" data-end=\"831\">The situation has also renewed attention on whether existing cross-border coordination mechanisms are sufficient when hacks involve large sums and fast-moving assets.<\/p>\n<h2 data-start=\"833\" data-end=\"870\">Freeze request and delayed action<\/h2>\n<p data-start=\"872\" data-end=\"1206\"><a href=\"https:\/\/news.kbs.co.kr\/news\/pc\/view\/view.do?ncd=8431638\">According to South Korean broadcaster KBS<\/a>, police investigating the Upbit breach asked Binance to freeze Solana tokens worth about 470 million Korean won, or roughly $370,000, on Nov. 27.<\/p>\n<p data-start=\"872\" data-end=\"1206\">Investigators believed the funds were linked to wallets connected to the incident at Upbit, one of the country\u2019s largest cryptocurrency exchanges.<\/p>\n<p data-start=\"1208\" data-end=\"1607\">KBS reported that Binance ultimately froze around $55,000, equivalent to about 17% of the amount requested.<\/p>\n<p data-start=\"1208\" data-end=\"1607\">The freeze came after a delay of approximately 15 hours.<\/p>\n<p data-start=\"1208\" data-end=\"1607\">Binance reportedly told authorities that additional verification was required before it could act on the full request.<\/p>\n<p data-start=\"1208\" data-end=\"1607\">The gap between the amount requested and the amount frozen has become central to questions about enforcement speed.<\/p>\n<h2 data-start=\"1609\" data-end=\"1639\">Impact of the Upbit breach<\/h2>\n<p data-start=\"1641\" data-end=\"1904\">The police request followed unauthorised withdrawals of Solana-based assets from Upbit valued at roughly $36 million.<\/p>\n<p data-start=\"1641\" data-end=\"1904\">The scale of the breach prompted a formal police probe and a broader effort by the exchange to trace and recover funds across multiple platforms.<\/p>\n<p data-start=\"1906\" data-end=\"2190\">As part of the response, Upbit has been tracking wallet movements and alerting major global exchanges to assets suspected of being linked to the breach.<\/p>\n<p data-start=\"1906\" data-end=\"2190\">The case illustrates how quickly stolen crypto can be distributed, making early intervention critical once an incident is detected.<\/p>\n<h2 data-start=\"2192\" data-end=\"2226\">Broader enforcement challenges<\/h2>\n<p data-start=\"2228\" data-end=\"2615\">The incident has drawn attention to structural issues in global crypto enforcement.<\/p>\n<p data-start=\"2228\" data-end=\"2615\">KBS cited commentary highlighting that rapid initial freezes can limit losses in hacking cases, while delays can allow assets to be moved or laundered further.<\/p>\n<p data-start=\"2228\" data-end=\"2615\">Concerns have also been raised about exchanges citing legal or litigation risks when responding cautiously to foreign law enforcement requests.<\/p>\n<p data-start=\"2617\" data-end=\"2932\">The discussion has included proposals for tighter coordination, such as direct emergency communication channels between major exchanges with the authority to enact temporary freezes while verification is completed.<\/p>\n<p data-start=\"2617\" data-end=\"2932\">These ideas reflect ongoing debates about balancing due process with the need for swift containment.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/binance-under-scrutiny-over-response-to-south-korean-police-request-in-upbit-breach-case\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) South Korean police asked Binance to freeze Solana tokens linked to the Upbit breach on Nov. 27. Binance reportedly froze about $55,000 after a delay of roughly 15 hours. The Upbit breach involved unauthorised Solana-based withdrawals worth about $36 million. South [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":64550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/64549"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=64549"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/64549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/64550"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=64549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=64549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=64549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}