Binance CEO Changpeng Zhao, who follows the crypto market closely, made an interesting statement. In this statement, CZ stated that a crypto investor was kidnapped during his trip to Montenegro and the investor’s 12.5 million USDT wallet was emptied. However, CZ noted that as a result of their hard work, they managed to freeze a significant portion of these funds.
Binance CEO shared an interesting extortion story
cryptokoin.comAs you follow from , interesting developments in the crypto world are not uncommon. Even though cryptocurrencies are currencies in a virtual world, they can also be stolen by force. A recent development like this was shared by Binance CEO Changpeng Zhao (CZ). Accordingly, one of their clients’ executives was kidnapped during a business trip in Montenegro. The attackers then forcibly emptied the crypto wallets. CZ shared the details of this incident on his X account as follows:
Managers of a client went to Montenegro for a ‘business trip’. Here they were kidnapped and forced to empty their wallets. Total loss is approximately $12.5 million. We investigated on-chain activity and reached out to our partners earlier today to freeze the wallet as all funds were received in USDT and transferred to a Tron wallet. We managed to freeze approximately $11.8 million of the $12.5 million stolen.
Giant crypto exchange halts Russian Ruble (RUB) deposits
Following Binance’s plans to exit Russia, the cryptocurrency exchange now aims to halt RUB deposits. The world’s largest cryptocurrency exchange recently announced plans to exit Russia. Now it has published a statement updating its users about the Russian ruble (RUB). According to the statement, following the decision to leave Russia, the exchange will stop all RUB deposits. However, it will continue to allow withdrawals until the date it specifies.
Earlier this year, Binance announced plans to exit Russia and remove Russian users from the exchange. It also sold its entire Russian branch to CommEX, another crypto exchange. The sale of Binance’s Russian branch to CommEX marked a significant change in the crypto world.
Details about Orbiting RUB
Binance informed its users today that the company will begin suspending RUB deposits as of 03:00 UTC on November 15, following the company’s decision to exit Russia with the sale to CommEx. However, withdrawals revolving around the Russian ruble will be available until January 31, 2024. The exchange also announced that users with fiat balance reserves in Russian rubles are free to transfer their funds to the CommEX platform without incurring any transaction fees.
Moreover, after successful linking of CommEx and Binance accounts, users can freely transfer RUB from Binance to CommEX. Users can withdraw Russian rubles through Binance’s fiat partners or convert their RUBs to cryptos via Binance Convert before the deadline provided by the crypto exchange. Additionally, users will have the opportunity to convert Russian rubles into cryptocurrency on the Binance Spot market.
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