Live Updates: Binance says $2.54 billion frozen after hack

A recent hack has resulted in the freezing of $2.54 billion in assets on Binance. The exchange is working with investigators to trace the funds and prevent further losses. The hack is a significant blow to the crypto market, which has already been experiencing volatility. Binance's swift action in freezing the assets has helped to mitigate the damage, but the situation is still being closely monitored. The hack highlights the importance of security in the crypto space and the need for exchanges to have robust measures in place to protect user funds. As the investigation continues, it is likely that more information will come to light about the hack and its impact on the market. The crypto community is waiting with bated breath to see how the situation will unfold.