Binance, the world’s largest cryptocurrency exchange, reportedly complied with only a fraction of a freeze request from South Korean police following a major hack of competitor Upbit in late November 2025.

The limited cooperation has ignited criticism from industry experts, who argue that slow responses from major platforms undermine collective security.

Binance, the world’s largest cryptocurrency exchange, reportedly complied with only a fraction of a freeze request from South Korean police following a major hack of competitor Upbit in late November 2025.

The limited cooperation has ignited criticism from industry experts, who argue that slow responses from major platforms undermine collective security.