Binance pauses withdrawals after suspected multibillion-dollar hack

Binance, the world's largest crypto exchange, has temporarily suspended withdrawals on multiple networks after a security incident. Crypto watchers estimate at least $2 billion was drained from its hot wallets, though figures are unconfirmed. Tether and Circle froze over $2.3 billion in linked funds. Founder Changpeng Zhao said he expects user funds to be fully covered.