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<p>Binance, the world’s largest cryptocurrency exchange, said a security breach had resulted in an estimated $6.3 billion impact that analysts said could amount to the biggest crypto heist ever and might make investors rethink the risks of owning digital assets.</p> <p>Binance said it had worked with partners to freeze the affected assets, with about $3 bill

Binance, the world's largest cryptocurrency exchange, said it had frozen $3 billion in crypto assets as it investigated a potential security breach, with stablecoin issuers Circle and Tether freezing related assets.

For crypto faithful who'd been basking in a two-month-long price rebound, the incident is a potential setback.

Beyond the potential loss of assets, the security breach was likely to have wider ramifications for crypto, which had already been under pressure lately due to higher US interest rates and softer demand from exchange-traded fund buyers, analysts said.

Binance , the world’s largest cryptocurrency exchange , said on Thursday that it has temporarily suspended all deposits and withdrawals as it looks into a potential cyber security incident. In a series of social media posts, the company said it was working "around the clock" and that it would eventually "share a full post-mortem" as it works with law enforce

The ASX trading higher, Binance freezes $3b in crypto assets on security breach. Follow live.

The Australian sharemarket has opened higher after a volatile night on overseas markets.

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