Binance CEO Changpeng Zhao has shared a story of how the exchange froze an account containing funds stolen from executives of a Binance client.
Out of the total amount of $12.5 million stolen, $11.8 million was frozen by the exchange. 
Binance CEO Changpeng Zhao (CZ) has disclosed that some accounts suspected to contain stolen funds have been frozen by the crypto exchange. According to the story shared by CZ on the social media platform X, executives of a Binance client were on a trip to Montenegro. Unfortunately, they were abducted and their crypto wallets were forcefully emptied. 
In total, $12.5 million was stolen from the executives according to CZ. Binance received the complaint and started an investigation into the on-chain activities of the crypto transactions. Binance traced the wallet that received the stolen funds and reached out to its partners to freeze the account. The brief investigation led to the discovery that all the funds were transferred in USDT to a Tron wallet.

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