Zhao Changpeng: A senior executive of a certain client was lured to Montenegro and extorted for about 12.5 million dollars. Binance has successfully frozen about 11.8 million dollars

ChainCatcher news, Zhao Changpeng stated on social media that an executive of a client was lured to Montenegro for a "business trip," where they were kidnapped and forced to empty their wallet, with total losses amounting to approximately 12.5 million USD.

Binance investigated the on-chain activity and contacted partners earlier today to freeze the wallet, as all funds were transferred in USDT to a Tron wallet, successfully freezing about 11.8 million USD of the total 12.5 million USD.

ChainCatcher previously reported, Whale Alert monitoring shows that an address with a balance of 11,862,921 USDT (11,865,383 USD) has been frozen on the Tron chain.