Binance Executives Kidnapped in $12.5 Million Cryptocurrency Robbery in Montenegro, Most Funds Recovered
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Executives from a Binance client were lured into a $12.5 million crypto robbery setup while traveling in Montenegro.
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The executives were kidnapped and forced to empty their crypto wallets.
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Binance worked to freeze the wallet holding the stolen funds, recovering $11.8 million of the $12.5 million.
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Binance CEO says Bitcoin can be traced but not frozen until sent to a centralized exchange.
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Crypto has limitations for freezing assets compared to banks, according to the Binance CEO.