BlockBeats News, December 12th, Binance has denied the report from South Korean media regarding its slow response to the major South Korean exchange Upbit's hack. A Binance spokesperson stated: "Binance's security and investigation team identified the incident and took immediate action to assist in freezing the relevant transfers to prevent further fund outflow. Therefore, any claims that we did not take timely and effective measures are baseless and inaccurate."Earlier today, according to South Korean media KBS, Binance received a request from the South Korean police to freeze the stolen cryptocurrency from Upbit's hack, but ultimately only assisted in freezing a portion of it. The South Korean police, upon confirming on the day of the incident (27th) that a portion of the stolen funds flowed to Binance, requested Binance to freeze about 470 million Korean Won worth of Solana tokens. However, Binance, citing the need for "further verification of the facts", only froze 17% of the requested amount (about 80 million Korean Won) and delayed the process for about 15 hours before completing it and notifying the authorities.An Upbit spokesperson stated that they could not comment on the event reported by KBS but emphasized that the local law enforcement is actively investigating to determine the identity of the attacker.On November 27th, South Korea's largest cryptocurrency exchange Upbit disclosed detecting unusual withdrawal activity, with approximately 54 billion Korean Won (around $36 million) worth of Solana network-related digital assets transferred to unknown external wallet addresses.