World's largest crypto exchange Binance freezes $2.54bn after suspected hack

What happened: Binance is investigating a potential security breach and temporarily suspended deposits and withdrawals while conducting security checks and coordinating with law enforcement. Key numbers: Estimated total impact around $6.3 billion; roughly $3 billion in affected assets frozen on the blockchain so far; Tether froze more than $1.5 billion and Circle more than $800 million; Why it matters: TRM said North Korea was behind the $6 billion hack. Binance said user funds are completely safe, and Changpeng Zhao said he expects all user funds to be fully covered as a shareholder.

Binance is investigating a potential security breach and temporarily suspended deposits and withdrawals while conducting security checks and coordinating with law enforcement.

TRM said North Korea was behind the $6 billion hack. Binance said user funds are completely safe, and Changpeng Zhao said he expects all user funds to be fully covered as a shareholder.