South Korea mulls raising cold wallet requirement to 99% after Binance hack According to News1, South Korea’s Financial Services Commission is considering raising the minimum cold wallet storage requirement for crypto exchanges from 80% to around 99% following the recent Binance…
ck. Upbit reportedly holds over 99% of customer assets in cold wallets, compared with roughly 94% at Bithumb and 85% at Coinone
Industry participants warn that stricter requirements could delay withdrawals and increase operational burdens, particularly for smaller exchanges. The proposal remains under discussion and has not been adopted. — link