CryptoCointelegraphabout 2 hours ago
South Korea Urges Exchanges to Boost Cold Storage
2 min read
South Korea's Financial Services Commission urges domestic crypto exchanges to increase cold wallet holdings following the $6.3 billion Binance hack. While law mandates 80% cold storage, ratios vary, with Upbit at 99.17% and Coinone at 85%. The regulator reviewed IT controls and security measures to prevent future breaches.
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