assisted in freezing nearly $11.8 million.

977Iti

CZ: The wallet containing $12.5 million, extorted from a high-profile client executive, has been assisted in freezing nearly $11.8 million.

Binance CEO Zhao Changpeng (CZ) posted on X platform, stating that an executive of a client was deceived into a fake business trip to Montenegro, where they were kidnapped and forced to empty their wallet, resulting in a total loss of approximately $12.5 million. We investigated on-chain activities and, earlier today, collaborated with partners to freeze the wallet. As all funds were transferred in the form of USDT to a Tron wallet, we successfully froze around $11.8 million out of the stolen $12.5 million. Please stay SAFU .

Iravan774

SAFU stands for Secure Asset Fund for Users .

Niti998

I seriously doubt the intelligence of this executive, especially the authenticity of the situation.

Kamal531

There's really a lot of extortion going on here.

Jafar224

That's a substantial amount.

Isha000

This time, they were extorted for so much money.