Security
South Korea's FSC Orders Cold Wallet Raise After $6.3B Binance Hot Wallet Hack
COINOTAG·November 2, 2026·1 min read
South Korea's Financial Services Commission (FSC) convened an emergency review on Monday, November 2, and ordered domestic virtual asset operators to raise cold wallet ratios and add to reserves in response to the $6.3 billion Binance hot wallet hack. The regulatory action aims to strengthen security measures across the industry.
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