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Changpeng Zhao: A client executive was lured to Montenegro and lost approximately 12.5 million USDT, and approximately 11.8 million USDT has been successfully frozen.

Zhao Changpeng stated in a post on X platform that an executive of a client was lured to Montenegro on a business trip, where he was kidnapped and forced to empty his wallet, resulting in a total loss of about $12.5 million. Binance investigated the on-chain activities and contacted its partners to freeze the wallet earlier today, as all funds were transferred in USDT to a Tron wallet. About $11.8 million of the frozen $12.5 million has been successfully frozen. Previously, it was reported that a Tron address with a balance of more than 11.86 million USDT was frozen.

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