Follow-up after the Korean exchange hack: a major platform only froze 17% of the stolen funds and delayed for 15 hours

【Blockchain Rhythm】On December 12th, Korean media KBS broke a story: a certain Korean exchange was hacked, and some of the stolen crypto assets flowed to a leading exchange.

Here’s what happened—the Korean police and the exchange identified the fund flow on the same day of the incident (the morning of the 27th), and immediately contacted the top platform to request freezing approximately 470 million KRW worth of Solana tokens. What was the result? The other party, citing “the need for further verification of the factual relationship,” froze only 17% of the requested amount, about 80 million KRW. Moreover, this operation was delayed by nearly 15 hours before the notification was completed.

This move is somewhat frustrating. Cross-border cooperation is always challenging, but in the fast-paced crypto world where time is money, a 15-hour delay could mean that more funds have already been transferred. Only 17% was frozen—where did the remaining 83% go?