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Binance Freezes Upbit Hack Funds: A Mixed Signal for Crypto Security and Inter-Exchange Collaboration
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Binance Freezes Upbit Hack Funds: A Mixed Signal for Crypto Security and Inter-Exchange Collaboration
In a significant development echoing the persistent security challenges within the cryptocurrency ecosystem, global exchange giant Binance has announced the successful freezing of a portion of funds stolen in a major hack from South Korean exchange Upbit. This decisive action, unveiled today, December 12, 2025, underscores both the enduring vulnerability of centralized crypto platforms to sophisticated cyber-attacks and the increasingly vital ro…
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