South Korea Wants Exchanges to Keep 99% of Customer Crypto Offline, Up From 80%, After the $6.3 Billion Binance Hack
Attackers stole about $6.3 billion from Binance's hot wallets, and South Korea's financial regulator has told local exchanges to tighten security and keep more customer funds offline. It is also considering lifting the cold wallet minimum from 80% to as much as 99%, though smaller exchanges warn this could slow withdrawals.
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