South Korea pushes exchanges for more cold storage after Binance hack
AI summary
South Korea's financial regulator is pressing domestic crypto exchanges to increase cold storage after the Binance hack, even though they already must keep at least 80% of customer crypto in cold wallets. The push signals tighter scrutiny of exchange security practices in one of the world's most active retail crypto markets. Traders should watch for compliance costs and possible operational changes at Korean exchanges, plus any knock-on effect on confidence in centralized platforms.
