South Korean media: Binance only froze a portion of the crypto assets stolen from Upbit.

PANews reported on December 12th that, according to KBS, Binance, while receiving a request from South Korean police to freeze the cryptocurrency assets involved in the Upbit hack, only partially complied with the request. On the morning of November 27th, the day of the incident, the police and Upbit requested Binance to freeze approximately 470 million Korean won worth of Solana tokens that had been confirmed to have flowed into Binance. Binance, citing the need for further verification, only froze assets equivalent to 17% of the requested amount, worth approximately 80 million Korean won. Binance notified Binance of the completion of the freeze approximately 15 hours after the request was made, around midnight on November 27th. In response to KBS's questions regarding "why only partially frozen" and "why the measures were delayed," Binance stated clearly: "In principle, we cannot provide specific details regarding ongoing investigations." However, Binance added: "We will continue to cooperate with relevant authorities and partners in accordance with appropriate procedures as always."