South Korea demands stronger crypto safeguards following Binance hack

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November 3, 2026 · 1:52 PM

South Korea demands stronger crypto safeguards following Binance hack

The article was updated with information from News1 Korea. South Korea’s Financial Services Commission has directed domestic cryptocurrency exchanges to hold more assets in cold wallets and strengthen their financial reserves following the $6.3 billion Binance hack on October 29.…

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