Binance has frozen $ 27,000 in ETH, after money laundering attempts have been registered from the hackers

In November of the year 2019 hackers have breached UpBit exchange rules and are gone with crypto-currencies to the value of 49 million US dollars. Just yesterday, they tried to sell stolen ETH Coins on Binance.

Many crypto exchanges emerged in the past few years, damage. Therefore, exchanges such as Binance have chosen, rigorously all of the funds in the context of hacker attacks to freeze and inform each other. Binance did exactly this as a result of a UpBit-Hacks from the year 2019. It is a linked address, which were sent to on the stock market 137 Ether (ETH), as recent reports confirm.

Against 16: 00 (UTC) at 13.05.2020 Whale Alert pointed to a transaction with a volume of 137 ETH in value from approximately $ 27,000, which was sent to a Wallet in Binance. The crypto-Bot sent a warning to the stock exchange with the note that the origin of the money was an address that had a connection to the hacker group, which was, in turn, for an attack on the stock exchange UpBit responsible.

The stock market reacted quickly. Binance CEO Changpeng Zhao (nickname “CZ”), tweeted in a timely manner, the funds had been frozen. CZ added that the funds in question were UpBit been passed. It had succeeded, the money blocked within only 30 minutes after the Whale Alert-warning and instructed.

In the Tweet of the Binance-heads it is:

“Frozen! We cooperate with UpBit to collect funds, to inform the investigative authorities and repayments. We were only to suggest that in the Social media, someone on the Freezing complains. But we are fighting against bad market participants – we must act.“

Binance has not frozen for the first Time money, the hackers try to exchange in order to practice as money laundering. Also in connection with the exchange Cryptopia Binance had acted in a similar way. In January 2019 Cryptopia were stolen by hackers 16 million dollars. After this incident, had the new Zealand stock exchange close. Were frozen the funds at the time, as a Hacker attempting to the capital to resell.

Although Binance could freeze the 137-ETH Transfer. In the UpBit incident involved hackers still managed to move parts of their prey about Binance, even Binance–. According to this data were removed from the Wallets of the hackers within the last 24 hours ETH in the total value of approximately 725,000 of USD.

Uppsala reports that a total of the equivalent of about 3.2 million US in Ethereum (ETH) by a Hacker could be washed over several exchanges. The sums of money had been stolen. The perpetrators had used in addition to Binance, the great exchange Bitfinex for their actions.

The reason for the Hacker, to send a comparatively small sum of ETH in the value of 27,000 USD, is difficult to understand. In particular, with a view to the stolen Millions. Probably it was a kind of Test. The Hacker wanted to, presumably, find out how the reaction is fast Binance. And how long it will be up to the decision for closures of larger amounts could take.