Wire · regulatory
South Korea urges exchanges to boost cold storage after Binance hack
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Fusion42 · 3 November 2026 · Fusion42 review
South Korea's Financial Services Commission has urged local crypto exchanges to increase the proportion of assets held in cold wallets following the $6.3 billion Binance hack, emphasizing enhanced security measures and continuous monitoring to prevent similar breaches.
This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 2 sources have reported it between 2 Nov 2026 and 3 Nov 2026.
◆ ◆ The Wire takeaway
South Korean crypto exchanges now face urgent pressure to boost cold storage ratios and tighten security controls immediately. You must review your crypto asset custody methods and improve incident response readiness before regulators step in with stricter mandates.
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2 sources · first reported 2 Nov 2026 · latest 3 Nov 2026
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