South Korea orders crypto exchanges to increase cold wallet holdings following Binance hack; $7B in net outflows from Binance detected.

Security & Exploits · 2026-11-02

South Korea has ordered crypto exchanges to increase their cold wallet holdings in response to a security incident at Binance. The exchange has experienced approximately $7 billion in net outflows, while competitors OKX and Bybit have respectively received $445 million and $112 million during the same period.

Previously on Telem

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