South Korea's Financial Services Commission has urged domestic crypto exchanges to hold a larger share of assets in cold wallets after the $6.3 billion attack on Binance's hot wallets last week, although local law already requires at least 80% cold storage. Data from the Financial Supervisory Service show cold wallet ratios at the end of September of 99.17% for Upbit, 94.76% for Bithumb, 85% for Coinone, 82.79% for Digital X and 80.54% for GOPAX. The FSC also urged exchanges to continuously monitor deposits and withdrawals, add incident response staff and set aside extra reserves. Separately, the Bank of Korea is surveying 18 banks and 13 brokerages on their exposure to crypto-related risks.
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cryptoBinanceSouth Koreacybersecurityregulation
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/02/2026 | 699.25 |
| Change that session | -1.89% |
币安人生USDT
▼ Likely negative币安人生 (BinanceLife)
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Meme |
| Market cap | $536.3M |
| Close on 11/02/2026 | 0.53530 |
| Change that session | +2.25% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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