A 6.3B hack at Binance has put South Korea on high alert: the FSC urgently summoned Upbit, Bithumb, and Coinone. More cold wallets, 24/7 monitoring, and a meeting with banks on Nov. 5.
The irony: Upbit already keeps 99% of its assets in cold wallets, and they still made it attend the meeting. When the server next door blows up, no one escapes a meeting with the regulator.
The hack is no longer one company’s problem—it’s a problem for the entire industry. How many days until your exchange gets its own surprise meeting?
$BTC #EDEN #CryptoTrading #BinanceSquare #Altcoins
The irony: Upbit already keeps 99% of its assets in cold wallets, and they still made it attend the meeting. When the server next door blows up, no one escapes a meeting with the regulator.
The hack is no longer one company’s problem—it’s a problem for the entire industry. How many days until your exchange gets its own surprise meeting?
$BTC #EDEN #CryptoTrading #BinanceSquare #Altcoins
