South Korea Calls Emergency Crypto Meeting After Record Binance Hack

TLDR South Korea’s Financial Services Commission (FSC) urged exchanges to hold more crypto in cold wallets. The request follows a $6.3 billion attack on Binance’s hot wallets last week. South Korean law already requires exchanges to keep at least 80% of customer crypto offline. Upbit leads with a 99.17% cold wallet ratio, while GOPAX sits [...]

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