South Korea accused Binance of not fully freezing Upbit's stolen assets, only freezing approximately 17%.

According to KBS, Binance received a request from the South Korean police to freeze crypto assets stolen from Upbit, but ultimately only assisted in freezing a portion of them. After confirming that some of the stolen funds had flowed to Binance on the day of the incident, the South Korean police and Upbit requested Binance to freeze approximately 470 million won worth of Solana tokens. However, Binance, citing the need for further verification of the facts, only froze 17% of the requested amount (approximately 80 million won), and it took about 15 hours to complete the process and notify them.