South Korea
TokenPost
Discussion of Raising Cold Wallet Ratio to 99%... Withdrawal Hot Wallets Could Shrink
- FSC convened an emergency meeting on November 2 with FSS, the Financial Security Institute, DAXA, and major crypto exchanges after an incident at Binance.
- The trigger was an unauthorized withdrawal of assets from a Binance hot wallet on October 30.
- Current minimum cold-wallet custody requirement for domestic exchanges is 80%; reports say a hike toward 99% is under discussion, though the FSC has not officially confirmed 99% as a new mandatory threshold.