Crypto worth billions frozen after suspected Binance hack

Cryptocurrency giant Binance said on Thursday that it has frozen digital assets worth around $3bn (£2.24bn) to prevent them from being stolen while it investigates a security issue.

The company said as part of a series of alerts online that all deposits and withdrawals are temporarily suspended while its teams conduct security checks and that the firm will "cover all losses".

Two other major crypto platforms, Tether and Circle, said they have also frozen a total of about $2.4bn of…