{"id":680057,"date":"2026-11-03T01:52:40","date_gmt":"2026-11-03T01:52:40","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/11\/03\/south-korea-urges-exchanges-to-boost-cold-storage-after-binance-hack\/"},"modified":"2026-11-03T01:52:40","modified_gmt":"2026-11-03T01:52:40","slug":"south-korea-urges-exchanges-to-boost-cold-storage-after-binance-hack","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/11\/03\/south-korea-urges-exchanges-to-boost-cold-storage-after-binance-hack\/","title":{"rendered":"South Korea urges exchanges to boost cold storage after Binance hack"},"content":{"rendered":"

\"South<\/p>\n

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

South Korea\u2019s Financial Services Commission has urged domestic crypto exchanges to increase the proportion of assets held in cold wallets after the $6.3 billion attack on Binance last week.\u00a0<\/p>\n

In a statement<\/span><\/a> Monday, the FSC said it held an emergency meeting with the Financial Supervisory Service, the Financial Security Institute, the Digital Asset eXchange Alliance (DAXA) and major crypto service providers to review the impact of the Binance hack on South Korea\u2019s crypto market and review exchanges\u2019 security measures.\u00a0<\/p>\n

The FSC said it reviewed exchanges\u2019 IT access controls, wallet withdrawal approval and signing procedures, and administrator privileges. It also urged providers to increase the proportion of assets held in offline cold wallets.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

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 Korea\u2019s Financial Services Commission has urged domestic crypto exchanges to increase the proportion of assets held in cold wallets after the $6.3 billion attack on Binance last week.\u00a0 In a […]<\/p>\n","protected":false},"author":1,"featured_media":680058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-680057","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/680057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=680057"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/680057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/680058"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=680057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=680057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=680057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}