Binance reportedly froze a portion of funds linked to the Upbit hack, blocking about $55,000 after a delay of 15 hours out of the requested $370,000 worth of Solana tokens. Rapid initial freezes are crucial in hacking cases, but exchanges often cite litigation risks as an excuse for resistance to such requests.

The incident highlights how centralized exchanges respond when foreign law enforcement agencies request asset freezes related to hacking incidents. Upbit is actively working with authorities to identify attackers and has asked major global exchanges to freeze any assets linked to the incident. Binance cooperates with relevant authorities through official channels to support investigations into illicit activities.

Read more at Cointelegraph: Binance Froze Partial Funds from Upbit Hack: Report