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South Korea urges exchanges to boost cold storage after Binance hack

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Cointelegraph
By Cointelegraph by Felix Ng
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South Korea urges exchanges to boost cold storage after Binance hack
Photo / Coverage: CointelegraphCredit: Cointelegraph by Felix Ng
EXECUTIVE SUMMARY

South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more.

Key Takeaways

  • South Korea urges exchanges to boost cold storage after Binance hack.
  • South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more.
  • South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more.

South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more.

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