Crypto giant Binance hit by $6.3bn hack suspected to be largest in history

What happened: Binance said it froze digital assets worth more than $2.5bn while investigating a security issue, and temporarily suspended all deposits and withdrawals. Key numbers: Over $2.5bn frozen by Binance. Tether and Circle froze around $1.7bn in stolen assets, with Circle alone freezing more than $800m. Binance is the largest crypto exchange by daily trading volumes. Why it matters: Former Binance boss Changpeng Zhao said it does look like a hack on Binance. Binance said it will cover all losses and that the frozen amount may keep rising as it works with law enforcement. Coverage: 4 outlets in 24h

Binance said it froze digital assets worth more than $2.5bn while investigating a security issue, and temporarily suspended all deposits and withdrawals.

Former Binance boss Changpeng Zhao said it does look like a hack on Binance. Binance said it will cover all losses and that the frozen amount may keep rising as it works with law enforcement.