According to Cointelegraph, the South Korean financial regulator is urging cryptocurrency exchanges to enhance their cold storage measures following a recent hack of Binance. The request comes as regulatory oversight seeks greater security for customer assets.
Currently, South Korean exchanges are required by law to store at least 80% of customers’ cryptocurrency holdings in cold wallets—devices or systems not connected to the internet and thus less vulnerable to remote hacking. In response to the Binance incident, regulators say they want further increases in cold storage usage beyond the existing mandate.
The move reflects ongoing efforts by authorities to improve resilience against cyber threats targeting digital asset platforms. No specific timeline or additional percentage target has been announced at this stage. The regulator emphasizes that strengthening cold storage is a key step in reducing exposure of customer funds to online vulnerabilities.
