Live Updates: Binance says $2.54 billion frozen after hack

Follow live updates as Binance says $2.54 billion in assets has been frozen after a multibillion-dollar hack, with further freezes possible as investigators trace funds.

Oct. 30 at 12:07 am UTC

Crypto trading firms Wintermute and GSR disclosed exposure to Binance but said they did not expect major disruption to their businesses.

The firms are market makers, which place buy and sell orders on exchanges to help other traders complete transactions. A disruption to their operations could make trading harder or more expensive across crypto markets.

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