SOUTH KOREA ORDERS EXCHANGES TO BOOST COLD WALLET HOLDINGS AFTER BINANCE HACK! South Korea’s Financial Services Commission held an emergency meeting with local exchanges…
Crypto Banter Published: 2026-11-02 11:34 UTC Collected: 2026-11-02 14:37 UTC Original language: Not supplied by source
🚨SOUTH KOREA ORDERS EXCHANGES TO BOOST COLD WALLET HOLDINGS AFTER BINANCE HACK!
South Korea’s Financial Services Commission held an emergency meeting with local exchanges including Upbit, Bithumb an…
🚨SOUTH KOREA ORDERS EXCHANGES TO BOOST COLD WALLET HOLDINGS AFTER BINANCE HACK!
South Korea’s Financial Services Commission held an emergency meeting with local exchanges including Upbit, Bithumb and Coinone following the $6.3B Binance incident.
Officials directed platforms to raise the share of customer assets held in cold wallets and strengthen reserves and monitoring.
Current rules already require at least 80% in cold storage.
Upbit sits above 99%, Bithumb around 94%, while some smaller platforms are closer to the floor.
A broader financial-sector security review is set for later this week.
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