South Korea Weighs 99% Cold Wallet: Security incident

TL;DR South Korea is considering increasing the minimum cold wallet storage requirement for crypto exchanges from 80% to approximately 99%. The Financial Services Commission is reviewing stricter custody standards following a reported $6.3 billion Binance-related security incident. The proposal could strengthen investor protection while encouraging exchanges to improve asset segregation, custody infrastructure, and operational security. ... Read more

Evidence boundary

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Sources

• https://crypto-economy.com/south-korea-weighs-99-cold-wallet-rule-after-binance-hack/
• https://crypto.news/south-korea-demands-stronger-crypto-safeguards-following-binance-hack/
• https://thedefiant.io/news/hacks/binance-lacks-cyber-insurance-for-6-3-billion-hack-bloomberg-law-reports

Record history

First seen: 2026-11-03T07:39:48.000Z. Last updated: 2026-11-03T20:56:13.920Z. Revision: 1.